Exam 13: Export and Import

Ultimately,countertrade is an inefficient way of doing business because it ________.

The stages of development in a company's export expansion are tied to company size.

Barton Accessories has two retail stores and one production facility where the firm's line of leather belts and purses are assembled. Barton employs 430 people and generates nearly $1 million in revenue each year through domestic and international sales. Which term best describes the status of Barton?

Which of the following types of agents moves international cargo,facilitates shipment tracking,and handles product returns for exporters and importers?

What is typically the most difficult aspect of an export plan for SMEs?

The primary duty of the customs agency of a government is the assessment and collection of all duties,taxes,and fees on imported merchandise.

Which of the following transactions refers to the purchase of goods or services produced by a company based in one country from sellers that reside in a different country?

In the U.S.,international trade is hampered by homeland security issues and delays.

"Born global" firms are those that step straight onto the world stage,making exporting the primary goal of the firm from day one of operations.

The foreign freight forwarder is the largest export intermediary in terms of value and weight of products managed.

Which of the following is NOT one of the common ways that trade intermediaries are paid by exporters?

Vandelay Designs is a small firm based in Boston that makes and sells scrapbooking products through its retail store and Web site. Many of Vandelay's first sales were made to customers located in Canada,England,and Japan. Vandelay Designs would best be identified as a(n)________.

An exporter that implements a(n)________ strategy does so with the intent to develop its own international marketing capability.

What role does the customs agency of a government play?

What is the difference between exporting and importing? What are the unique characteristics of service exports and service imports?

The perspective of ________ holds that as a company gains experience,resources,and confidence,it progressively increases its scope of countries to which it exports.

You are the manager of an SME in the United States,and your firm wants to begin exporting. Since you have never been involved with exporting,there are many compelling reasons that encourage contacting the ________ to obtain expert counseling on exporting.

Which of the following is NOT an example of a service export?

The probability of a company being an exporter is independent of the size of the company.

This spring break you are planning to leave the U.S. and visit London,where you will stay in a hotel for 10 days. The London hotel will be performing a ________.