Question 1

The Ministry of International Trade and Industry (MITI)has helped devise export strategies for companies in:

Accepted Answer

A)  Singapore. 
B)  South Korea. 
C)  Taiwan. 
D)  Hong Kong. 
E)  Japan. 
A)  Singapore. 
B)  South Korea. 
C)  Taiwan. 
D)  Hong Kong. 
E)  Japan.

Question 2

Which of the following refers to a system of farm subsidies in Europe?

Accepted Answer

A)  CVD 
B)  FSC 
C)  CAP 
D)  HTS 
E)  NTR 
A)  CVD 
B)  FSC 
C)  CAP 
D)  HTS 
E)  NTR

Question 3

Governments in Japan,Singapore,South Korea and China have supported exports for years which have tremendously helped their economies.Since exporting is a very important component of a country's business strategy,many government programs are offered that support exports.Describe ways by which governments can support exports.

Accepted Answer

Countries benefit a lot based on their f

Question 4

The United States have given Normal Trade Relations (NTR)status to some 180 countries.In actuality only four countries are excluded from this status which includes all of the following countries except:

Accepted Answer

A)  North Korea. 
B)  Iraq. 
C)  Iran. 
D)  Cuba. 
E)  Libya. 
A)  North Korea. 
B)  Iraq. 
C)  Iran. 
D)  Cuba. 
E)  Libya.

Question 5

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.

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A)  foreign purchasing agent 
B)  export broker 
C)  export merchant 
D)  export management company 
E)  freight forwarder 
A)  foreign purchasing agent 
B)  export broker 
C)  export merchant 
D)  export management company 
E)  freight forwarder

Question 7

Direct representation,as opposed to representation by independent intermediaries for exporting in the market country,has several advantages which do not include:

Accepted Answer

A)  facilitates control and communications. 
B)  allows decisions concerning program development and resource allocation. 
C)  benefits when a product is not yet established in a market. 
D)  ensures marketer's interest and special efforts. 
E)  helps selling products directly to the consumer in the market country. 
A)  facilitates control and communications. 
B)  allows decisions concerning program development and resource allocation. 
C)  benefits when a product is not yet established in a market. 
D)  ensures marketer's interest and special efforts. 
E)  helps selling products directly to the consumer in the market country.

Question 8

In his 2010 State of the Union address,U.S.President Barack Obama vowed to double U.S.exports by 2015.To this end,President Barack Obama created a National Export Initiative and established the President's Export Council.What is meant by export marketing and export selling?

Accepted Answer

Export marketing is the integrated marke

Question 9

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

Accepted Answer

A)  The exporter's bank is the advising and/or confirming bank. 
B)  The importer's bank is the advising and/or confirming bank. 
C)  The importer's bank is the advising, confirming, and issuing bank. 
D)  The exporter's bank is the advising, confirming, and issuing bank. 
E)  The importer's bank is neither advising nor confirming bank. 
A)  The exporter's bank is the advising and/or confirming bank. 
B)  The importer's bank is the advising and/or confirming bank. 
C)  The importer's bank is the advising, confirming, and issuing bank. 
D)  The exporter's bank is the advising, confirming, and issuing bank. 
E)  The importer's bank is neither advising nor confirming bank.

Question 10

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

Accepted Answer

A)  offsets. 
B)  preferential tariffs. 
C)  the effect of the Customs Valuation Code. 
D)  an EMC. 
E)  discriminatory procurement. 
A)  offsets. 
B)  preferential tariffs. 
C)  the effect of the Customs Valuation Code. 
D)  an EMC. 
E)  discriminatory procurement.

The Ministry of International Trade and Industry (MITI)has helped devise export strategies for companies in:

Which of the following refers to a system of farm subsidies in Europe?

The United States have given Normal Trade Relations (NTR)status to some 180 countries.In actuality only four countries are excluded from this status which includes all of the following countries except:

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.

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

Direct representation,as opposed to representation by independent intermediaries for exporting in the market country,has several advantages which do not include:

In his 2010 State of the Union address,U.S.President Barack Obama vowed to double U.S.exports by 2015.To this end,President Barack Obama created a National Export Initiative and established the President's Export Council.What is meant by export marketing and export selling?

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

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

Introduction to Global Marketing

The Global Economic Environment

The Global Trade Environment

Social and Cultural Environments

The Political, Legal, and Regulatory Environments

Global Information Systems and Market Research

Segmentation, Targeting, and Positioning

Global Market Entry Strategies: Licensing, Investment, and Strategic Alliances

Brand and Product Decisions in Global Marketing

Pricing Decisions

Global Marketing Channels and Physical Distribution

Global Marketing Communications Decisions I: Advertising and Public Relations

Global Marketing Communications Decisions II: Sales Promotion, personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Strategic Elements of Competitive Advantage

Leadership, Organization, and Corporate Social Responsibility

Filters

Exam 8: Importing,Exporting,and Sourcing

The Ministry of International Trade and Industry (MITI)has helped devise export strategies for companies in:

Which of the following refers to a system of farm subsidies in Europe?

The United States have given Normal Trade Relations (NTR)status to some 180 countries.In actuality only four countries are excluded from this status which includes all of the following countries except:

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.

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

Direct representation,as opposed to representation by independent intermediaries for exporting in the market country,has several advantages which do not include:

In his 2010 State of the Union address,U.S.President Barack Obama vowed to double U.S.exports by 2015.To this end,President Barack Obama created a National Export Initiative and established the President's Export Council.What is meant by export marketing and export selling?

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

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

Introduction to Global Marketing

The Global Economic Environment

The Global Trade Environment

Social and Cultural Environments

The Political, Legal, and Regulatory Environments

Global Information Systems and Market Research

Segmentation, Targeting, and Positioning

Global Market Entry Strategies: Licensing, Investment, and Strategic Alliances

Brand and Product Decisions in Global Marketing

Pricing Decisions

Global Marketing Channels and Physical Distribution

Global Marketing Communications Decisions I: Advertising and Public Relations

Global Marketing Communications Decisions II: Sales Promotion, personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Strategic Elements of Competitive Advantage

Leadership, Organization, and Corporate Social Responsibility

Filters