Exam 8: Importing,Exporting,and Sourcing

________ 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.

Restrictive administrative and technical regulations can create barriers to trade which may take all of the following forms except:

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:

Volkswagen's business environment includes a significant wage differential between Mexico and Germany.

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

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

Which of the following is not true about a personal visit to size up the market firsthand and begin the development of an actual export-marketing program?

The Customs Trade Partnership Against Terrorism (C-TPAT)recognizes that U.S.Customs and Border Protection (CBP)is responsible for screening import cargo transactions.

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

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

A nontariff barrier (NTB)is a hidden trade barrier which is a deterrent or obstacle to the sale of products in a foreign market.

According to the recent import regulations in the United States,action figures that represent non-human creatures such as monsters or robots are categorized as toys and qualified for lower duties than human figures that are classified as dolls.

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

Which of the following completely eliminates the risk of nonpayment by an importer or a bank in an international transaction?

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

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 methods of financing would be used if the exporting and importing parties had a strong,long-standing relationship?

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:

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

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