Question 1

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

Accepted Answer

A) Open sourcing 
B) Offshoring 
C) Exporting 
D) Importing 
E) Farmshoring 
A) Open sourcing 
B) Offshoring 
C) Exporting 
D) Importing 
E) Farmshoring

Question 2

The _____ is a legal document issued by a bank at the importer's (or buyer's)request wherein the importer promises to pay a specified amount of money when the bank receives documents about the shipment.

Accepted Answer

A) export declaration 
B) license 
C) letter of credit 
D) bill of lading 
E) customs invoice 
A) export declaration 
B) license 
C) letter of credit 
D) bill of lading 
E) customs invoice

Question 3

Licensing makes for a flatter world, because it creates a legal vehicle for taking a product or service delivered in one country and providing a nearly identical version of that product or service in another country.

Accepted Answer

A) True 
 B)False

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

The _____ is a legal document issued by a bank at the importer's (or buyer's)request wherein the importer promises to pay a specified amount of money when the bank receives documents about the shipment.

Licensing makes for a flatter world, because it creates a legal vehicle for taking a product or service delivered in one country and providing a nearly identical version of that product or service in another country.

Introduction

International Trade and Foreign Direct Investment

Culture and Business

World Economies

Global and Regional Economic Cooperation and Integration

International Monetary System

Foreign Exchange and the Global Capital Markets

International Expansion and Global Market Opportunity Assessment

Strategy and International Business

Global Entrepreneurship and Intrapreneurship

Winning Through Effective, Global Talent Management

Harnessing the Engine of Global Innovation

Competing Effectively Through Global Marketing, Distribution, and Supply-Chain Management

Understanding the Roles of Finance and Accounting in Global Competitive Advantage

Filters

Exam 9: Exporting, Importing, and Global Sourcing

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

The _____ is a legal document issued by a bank at the importer's (or buyer's)request wherein the importer promises to pay a specified amount of money when the bank receives documents about the shipment.

Licensing makes for a flatter world, because it creates a legal vehicle for taking a product or service delivered in one country and providing a nearly identical version of that product or service in another country.

Introduction

International Trade and Foreign Direct Investment

Culture and Business

World Economies

Global and Regional Economic Cooperation and Integration

International Monetary System

Foreign Exchange and the Global Capital Markets

International Expansion and Global Market Opportunity Assessment

Strategy and International Business

Global Entrepreneurship and Intrapreneurship

Winning Through Effective, Global Talent Management

Harnessing the Engine of Global Innovation

Competing Effectively Through Global Marketing, Distribution, and Supply-Chain Management

Understanding the Roles of Finance and Accounting in Global Competitive Advantage

Filters