A) profitable if little investment is needed. B) an end in itself. C) a resource drainer for small businesses and therefore should be avoided. D) successful when used on a "shot gun" approach. E) merely a step on the road toward establishment of foreign production. A) profitable if little investment is needed. B) an end in itself. C) a resource drainer for small businesses and therefore should be avoided. D) successful when used on a "shot gun" approach. E) merely a step on the road toward establishment of foreign production.

Exam 13: Exporting, Importing, and Countertrade

Heublein, a manufacturer of liqueurs, decided to use the U.S.name for their cranberry liqueur when they started exporting to the U.K.Sales were very slow and only later did they understand that the name they were using was slang for privy in Britain.This is an example of what common exporting pitfall?

(Multiple Choice)

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Question 41

ABC International's market research identified that Canadian consumers prefer relatively less sugar in their soft drinks whereas Asian consumers prefer more.ABC exported their best selling soft drink in Canada, Tasty, without modification to the Asian market.ABC committed which of the common mistakes of exporting?

(Multiple Choice)

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Question 42

The bill of lading can function as collateral against which funds may be advanced to the exporter by its local bank before final payments by the importer.

(True/False)

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Question 43

According to the UN, the time involved in preparing documentation and costs of common errors in paper work often amounts to 25 percent of the final value of goods exported.

(True/False)

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Question 44

Countertrade is most attractive to:

(Multiple Choice)

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Question 45

You are the manager of international markets for Algoma Steel.You have received an offer to purchase 3000 metric tons of wire rods (used to draw wire for the manufacture of nails) from a large nail manufacturer in Panama.What are the most appropriate terms of payment and export conditions given the following information? Panama's currency has been extremely unstable, with its value depreciating by more than 25% in the last three months. The legal system is extremely weak in Panama, with many examples of corruption. Rain and summer heat and humidity can cause the product to deteriorate if stored outside.

(Essay)

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Question 46

The way to overcome ignorance in exporting is to collect information.

(True/False)

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Question 47

Exporting is:

(Multiple Choice)

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Question 48

In an international transaction between an Asian exporter and a German importer, the German company will request a whereas the Asian company will issue a .

(Multiple Choice)

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Question 49

Barter is primarily used with trading partners who are not creditworthy or trustworthy.

(True/False)

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Question 50

3M has built its export success on all of these principles except:

(Multiple Choice)

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Question 51

____________ are export specialist who act as the export marketing department or international department for their client firms.

(Multiple Choice)

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Question 52

According to the United Nations report on trade and development, document and paperwork preparation often amounts to what percentage of the final value of the goods exported?

(Multiple Choice)

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Question 53

From an exporter's perspective, an offset agreement is more attractive than a straight counter-purchase agreement because it gives the exporter greater flexibility to choose the goods that it wishes to purchase.

(True/False)

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Question 54

A firm can increase the probability of exporting successfully by taking which of these steps?

(Multiple Choice)

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Question 55

The volume of export activity in the world economy is declining as exporting has become more difficult and regulated.

(True/False)

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Question 56

As an exporter, according to the opening case, which of these is a key problem for Megahertz Communications?

(Multiple Choice)

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Question 57

Until recently, Canada was mostly a(n) ____________ when it came to international trade.

(Multiple Choice)

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Question 58

A draft is the instrument normally used in international commerce to effect payment.

(True/False)

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Question 59

International Trade Centres also promote international trade through what?

(Multiple Choice)

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Question 60

Showing 41 - 60 of 86

The bill of lading can function as collateral against which funds may be advanced to the exporter by its local bank before final payments by the importer.

According to the UN, the time involved in preparing documentation and costs of common errors in paper work often amounts to 25 percent of the final value of goods exported.

Countertrade is most attractive to:

The way to overcome ignorance in exporting is to collect information.

Exporting is:

In an international transaction between an Asian exporter and a German importer, the German company will request a whereas the Asian company will issue a .

Barter is primarily used with trading partners who are not creditworthy or trustworthy.

3M has built its export success on all of these principles except:

____________ are export specialist who act as the export marketing department or international department for their client firms.

According to the United Nations report on trade and development, document and paperwork preparation often amounts to what percentage of the final value of the goods exported?

From an exporter's perspective, an offset agreement is more attractive than a straight counter-purchase agreement because it gives the exporter greater flexibility to choose the goods that it wishes to purchase.

A firm can increase the probability of exporting successfully by taking which of these steps?

The volume of export activity in the world economy is declining as exporting has become more difficult and regulated.

As an exporter, according to the opening case, which of these is a key problem for Megahertz Communications?

Until recently, Canada was mostly a(n) ____________ when it came to international trade.

A draft is the instrument normally used in international commerce to effect payment.

International Trade Centres also promote international trade through what?

Globalization

Country Differences in Political Economy

The Cultural Environment

Ethics in International Business

International Trade Theories

The Political Economy of International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The Global Monetary System

Global Strategy

Entering Foreign Markets

Global Marketing and RD

Global Production, Outsourcing, and Logistics

Global Human Resource Management

Filters

Exam 13: Exporting, Importing, and Countertrade

The bill of lading can function as collateral against which funds may be advanced to the exporter by its local bank before final payments by the importer.

According to the UN, the time involved in preparing documentation and costs of common errors in paper work often amounts to 25 percent of the final value of goods exported.

Countertrade is most attractive to:

The way to overcome ignorance in exporting is to collect information.

Exporting is:

In an international transaction between an Asian exporter and a German importer, the German company will request a ____________ whereas the Asian company will issue a ____________.

Barter is primarily used with trading partners who are not creditworthy or trustworthy.

3M has built its export success on all of these principles except:

____________ are export specialist who act as the export marketing department or international department for their client firms.

According to the United Nations report on trade and development, document and paperwork preparation often amounts to what percentage of the final value of the goods exported?

From an exporter's perspective, an offset agreement is more attractive than a straight counter-purchase agreement because it gives the exporter greater flexibility to choose the goods that it wishes to purchase.

A firm can increase the probability of exporting successfully by taking which of these steps?

The volume of export activity in the world economy is declining as exporting has become more difficult and regulated.

As an exporter, according to the opening case, which of these is a key problem for Megahertz Communications?

Until recently, Canada was mostly a(n) ____________ when it came to international trade.

A draft is the instrument normally used in international commerce to effect payment.

International Trade Centres also promote international trade through what?

Globalization

Country Differences in Political Economy

The Cultural Environment

Ethics in International Business

International Trade Theories

The Political Economy of International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The Global Monetary System

Global Strategy

Entering Foreign Markets

Global Marketing and RD

Global Production, Outsourcing, and Logistics

Global Human Resource Management

Filters

In an international transaction between an Asian exporter and a German importer, the German company will request a whereas the Asian company will issue a .