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?

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

Foreign purchasing agents are also referred to as jobbers.

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

After the research effort 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.

Agricultural subsidies are particularly controversial because,although they protect the interests of farmers in some countries,they work to the detriment of farmers in countries such as:

Which of the following is described as the three R's of global business: rules,rate schedules,and regulations?

According to percent market share of the top ten apparel exporting countries to the United States,which country ranked as number one in 2011?

An irrevocable letter of credit transfers the payment obligation for an export deal from the buyer to the buyer's:

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

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

Export marketing requires all of the following except:

Which of the following correctly states the role of banks in import/export transactions involving a letter of credit (L/C)?

Research has shown that exporting is essentially a developmental process that proceeds in different stages.Before a firm reaches stage 4,it must do one of the following activities:

Developed under the auspices of the Custom Cooperation Council (now the World Customs Organization)the system which took effect is referred to as:

Which set of documents generally represents the minimum documentation required to clear a shipment through customs?

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

Governmental actions at times are designed to discourage imports and block market access.Why do governments want to curtail imports? Explain some of the barriers that are placed to discourage imports.

What are some of the entities that an exporter should be familiar with? Describe and explain the role played by each of these entities,separating those that have responsibilities from exporters from those that have no responsibilities from the exporters.

In general,the greater the distance between the product source and the target market,the greater the time delay for delivery and the lower the transportation cost.