Exam 8: Importing, Exporting, and Sourcing

In 2010, dozens of Bangladeshis were killed in two separate fires in factories that made clothing for western clients such as JCPenney and Gap. In November 2012, 112 garment workers were killed when a fire broke out at Tazreen Fashions, a clothing manufacturer in Dhaka, Bangladesh. What are the implications of these tragic incidences on the export by a country dependent on exports?

A number of explanations have been offered for the low level of U.S. exports relative to other countries. All of the following can be considered as reasons for low level of exports except:

Governmental actions that discourage imports and block markets include all of the following except:

CVDs are additional duties levied by exporting countries on imported videodiscs.

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

________ is an independent marketing intermediary that acts as the export department for two or more manufacturers whose product lines do not compete with each other.

Exporting is considered as essentially a developmental process. What are the stages in which this process can be divided?

After research 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.

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.

Outsourcing means shifting undesirable jobs or work assignments to another company to cut costs. When the outsourced work moves to another country, the terms "global outsourcing" or "offshoring" are used.

Which of the following receives a fee for bringing together an exporter and a buyer in another country?

According to research, exporting is essentially a developmental process starting with the first stage when the firm exports to one or more markets on a trial basis.

________ is sometimes called a mother hen, a piggyback exporter, or an export vendor

The only marketing mix element that is applicable in export selling is:

What are the differences between antidumping and countervailing duties? Under what conditions are these duties imposed?

Tax incentives, subsidies, export assistance, and free trade zones are common support provided by governments to firms that engage in exporting.

"Piggyback exporter," "cooperative exporter," and "export vendor" are all terms used to describe an export broker.

Which of the following establishes classification numbers that must be used by importers and exporters?

In 2013, U.S. goods and services exports totaled $2.3 trillion, which comes to about 15 percent of the GDP. This means that nearly 85 percent of the goods and services produced in the United States are consumed at home.

Why does the tariff system vary from country to country? Explain, giving examples of tariffs imposed by the United States with particular emphasis on preferential tariffs. What are the conditions under which GATT allows the use of preferential tariffs?