Exam 8: Importing, Exporting, and Sourcing

In 2005, the U.S.Commerce Department determined that wooden bedroom furniture from China was being dumped, that is, sold less than fair value.Tariffs ranging from 1% to more than 200% was imposed.

In response to the ongoing economic crisis, U.S.President Barack Obama created a National Export initiative and established the President's Export Council.

Dell Computer recently rerouted some of its call center jobs back to the United States after complaints from key business customers that Indian tech support workers were offering scripted responses and having difficulty answering complex problems.

The Ministry of International Trade and Industry (MITI)has helped devise export strategies for companies in:

Tariffs can be thought of as the "three R's" of global business: rules, rigor, and regulations of individual countries.

After the research effort has zeroed in on potential markets, there is no substitute for a personal visit to size up the market firsthand and begin the development of an actual export marketing program.

The terms "export selling" and "export marketing" are interchangeable.

When Honda's U.S.manufacturing subsidiaries purchase parts from Japan, customs authorities in the United States have the right to scrutinize the transfer price to make sure it is a fair reflection of market value.

Export marketing does not require:

Which of the following is sometimes referred to as a "buyer for export" or an "export commission house" and operates on behalf of a buyer from a foreign country?