Exam 8: Importing, Exporting, and Sourcing

Which of the following types of duties would be imposed on a company whose home-country government provides export subsidies?

The advantages of a market visit include all of the following except:

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

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:

An executive is undecided whether to rely on in-house or external export specialists/intermediaries in the home country. He is leaning towards direct representation in a market. What are the benefits of going forth with direct representation?

The international standard by which letters of credit (L/Cs)are interpreted is known as the ________ 500.

Governments commonly use activities to support and encourage firms that engage in exporting. Such activities include all of the following except:

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

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

The possible arrangements for handling exports include all of the following except:

In his 2010 State of the Union address, U.S. President Barack Obama had vowed to double U.S. exports by 2015; doing so would require boosting exports 25 percent annually.

Switzerland exports 51 percent of their GDP, compared to the United States, which exports only about 14 percent.

Which of the following offers a company the best assurance of being paid for exported goods?

"Export selling" involves tailoring various elements of the marketing mix to global market requirements.

For every one yen increase relative to the American dollar, Canon's operating income declines by 6 billion yen.

Export marketing requires all of the following except:

What are customs duties? How do they work in controlling imported goods?

The Harmonized Tariff System (HTS)is currently the dominant system for determining the correct classification number.

Potential export problems include packaging, government red tape, warehousing, advertising, and trade restrictions.

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