Exam 16: Export and Import Management

Exports have strong legal recourse in India.

_____ is the most popular way for many companies to become international.

Indicate the factors that a prospective exporter might examine to choose an export market.

Setup costs are higher with indirect exporting than with direct exporting.

_____ in contrast to the combination export manager (CEM), buy and sell on their own accounts and assume all responsibilities of exporting a product.

The currency used for denomination the second most is the Chinese Renminbi.

_____ are large, foreign organizations engaged in exporting and importing.They buy on their own account and export the goods to another country.

The American Export Trading Company act was passed in 1982.

When import duties are paid, the _____ duty is a combination of a specified amount of the per unit weight or other quantity of the merchandise plus an ad valorem rate.

All of the following are possible payment terms for goods exported to another nation except:

The jobs supported by US exports tend to be low-paying jobs.

_____ exporting involves using independent U.S.middlemen to market the firm's products overseas.

Export data from China is fairly reliable.However, export data from Russia is extremely unreliable.

Brand reputation is a critical element in _____ products.

All exports from the United States (except to Canada and U.S.territories) require a(n) _____.

The seller delivers when the goods are placed at the buyer's disposal on the arriving means of transport ready for uploading at the named place of destination.The seller bears all the risks involved in bringing the goods to the named place.

The _____ is someone who brings together an overseas buyer and a U.S.manufacturer for the purpose of an export sale and earns a commission for establishing a contact that results in a sale.

In the U.S., the Automated Export System (AES) enables exporters to file import information at no cost over the Internet.

_____ exists when the sale is in the importer's currency and that currency can depreciate in terms of the home currency, leaving the exporter with less in the home currency.

With export merchants, manufacturers completely control the sales activities of their products.