Exam 16: Export and Import Management

The Export-Import Bank plays a crucial role in promoting exports helping finance the sale of U.S.exports primarily to emerging markets throughout the world by providing loans, guarantees, and insurance.

Security concerns on encryption technology by the US government permit the exports of encryption technology that incorporates no more than 24 bits.

Piggyback exporting is usually used by large firms looking for a lot of control over their exporting but who need help with transportation.

A(n) _____ is a bill for the goods stating basic information about the transaction, including a description of the merchandise, total cost of the goods sold, addresses of the buyer and seller, and delivery and payment.

An export merchants provides limited support to manufacturers so the manufacturers are directly involved in the exporting of their products.

Indirect exporting leads to gaining more knowledge of export markets than does direct marketing.

_____ risk is the risk that the importer will not pay or fail to pay on the agreed terms.

_____ exporting occurs when a manufacturer or exporter sells directly to an importer or buyer located in a foreign market.

For a firm beginning exports for the first time, the first step is to use available primary data.

The terms of payment between the exporter and importer are a matter of negotiation and depend on a variety of factors.All of the following might be on that list of factors except: