Exam 9: Exporting, Importing, and Global Sourcing

The _____ refers to a written order for a certain amount of money to be transferred on a certain date from the person who owes the money or agrees to make the payment.

SBA's _____ program provides loans for businesses that can generate export sales but do not have the working capital to purchase inventory or to stay in business during the long payment cycles.

The customs invoice acts as proof that the shipment was made and that the goods have been received.

Entrepreneurs benefit from outsourcing because they can acquire services as needed, without having to build those capabilities internally.

Which of the following statements holds true for contract manufacturing?

_____ refers to a contractual, strategic partnership between two or more separate business entities to pursue a business opportunity together.

Distributors or export intermediaries are barred from taking title to the goods and then reselling them.

Global sourcing is defined as the sale of products and services in foreign countries that are sourced or made in the home country.

Which of the following statements holds true for cash in advance?

Which of the following statements is true about distributors?

In a(n)_____ structure, the seller receives cash contingent on the seller buying local products or services in the amount of (or a percentage of)the cash.

Countertrade is a resourceful way for exporters to sell their products and services to foreign companies or countries that would be unable to pay for them using Hard currency alone.

One of the drawbacks of countertrade is the quality of goods received which are often useless or of poor quality.

What are the factors that have an impact on the success of an organization trying to establish its business in a foreign country?

Which of the following statements holds true for insurance certificates?

An export management company is an independent company that handles the necessary documentation, finds buyers for the export, and takes title of the goods for direct export.

What are the advantages of licensing for a multinational firm?

Which of the following statements is true about ISO 14000 certification?

The _____ is the person or entity buying or transporting goods from another country into one's home country.

The document that declares the country from which the product originates is referred to as the _____.