Exam 8: Importing, Exporting, and Sourcing

Which of the following is not true about a personal visit to size up the market firsthand and begin the development of an actual export-marketing program?

Which of the following was a major U.S.tax incentive for exporters that the WTO recently ruled was an illegal subsidy?

Goods that are sold on open account are paid for before delivery.

The Buy American Act of 1933, which stipulates that U.S.federal agencies must buy articles produced in the United States unless domestically produced goods are not available, is an example of discriminatory procurement policies.

The organizational decision to purchase production inputs, components, or finished goods from domestic or foreign producers is known as the ________ decision.

The sale of merchandise in export markets at unfair prices is known as ________.

When a letter of credit is used in an import/export transaction, the payment obligation lies with the importer's bank rather than the importer itself.

Restrictive administrative and technical regulations can create barriers to trade which may take all of the following forms except:

Comedies such as Outsourced that traffic in parodies and satires of cultural stereotypes are popular in India.

Research has shown that exporting is essentially a developmental process that can be divided into several stages.

The export and import process can entail red tape and bureaucratic delays.In an effort to facilitate exports, countries are designating certain areas as:

Export marketing requires an understanding of the target market environment.

In deciding where to source a product or locate a manufacturing activity, a manager must take into account foreign exchange rate trends in various parts of the world.

One of the keys to the success of The Swatch Group's Swatch watch brand has been manufacturing in low-wage Asian countries.

In which of the following forms of export financing does a bank assume a financial obligation?

The furniture industry has become one of the fastest-growing sectors of China's economy.Furniture imports are flooding into the United States from China.This can be attributed to:

In an effort to attract assembly operations, Brazil allows certain product components to be imported at reduced tariff rates.This is an example of:

In response to the ongoing economic crisis, U.S.President Barack Obama created a National Export Initiative and established the President's Export Council.What is meant by export marketing and export selling?

Which of the following financing methods would be used by an exporter that enjoys good relations with a buyer in a well-established market?

Which of the following documents represents title to goods in an export transaction?