Exam 14: Export and Import

Which of the following is typically true of an export management company?

Countertrade is an efficient way of doing business.

Boyce Dynamics, a U.S.maker of LED flashlights, fills unsolicited orders from foreign buyers.It has not proactively investigated international trade options.Boyce Dynamics is best categorized as a ________.

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

"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.

What are export management companies, and how do they help potential 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)________.

Corbin Coffee plans to initiate activities in foreign markets through indirect exporting.The firm is most likely to use ________.

In what is known as direct exporting, the exporter sells goods directly to or through an independent domestic intermediary in the exporter's home country that then exports the products to foreign markets.

________ are among the fastest-growing economic activities in the world.

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

A customs broker or other import consultant can help an importer minimize import duties by ________.

Major types of indirect intermediaries include export trading companies, distributors, and freight forwarding companies.

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

Pender Pet Products is considered an opportunistic importer because the firm seeks products around the world that it can import and sell profitably to domestic consumers.

Which of the following is a difference between export management companies (EMCs)and export trading companies (ETCs)?

Which of the following is NOT one of the three main types of importers?

In designing an export plan, managers initially do all of the following EXCEPT ________.

Small and medium-size enterprises, such as SpinCent as seen in the opening case for chapter 14, account for ________ of all U.S.exporters.

The CEO of Coffman Enterprises wants to export products to foreign markets.However, top executives at Coffman are concerned that the firm will face fierce competition from foreign rivals because Coffman lacks significant core competencies.The executives are most likely worried that Coffman lacks ________.