Exam 17: Appendix B: Export and Import Practices

Which of the following were not identified as being part of the export marketing plan?

Conditions of a sale that stipulate the point at which costs and risks are borne by the buyer are known as the ______ of _____.

Once the firm knows that a potential market exists,it needs to choose between exporting ______ through U.S.-based exporters and exporting ______ using its own staff.

In a DDP (delivered,duty paid),the seller delivers goods to the designated destination and covers all duties,taxes,and customs.

The EU mark that indicates that merchandise conforms to European health,safety,and environmental requirements is the ____________ mark.

In a DAT (delivered at terminal),the buyer is responsible to pay for all transportation cost from the seller's location,including customs clearing,to the buyer's location.

Incoterms are developed and maintained by

The Incoterm acronym CFR (named destination port),refers to

52.Incoterms are divided into two basic categories-

The U.S.government corporation that offers insurance against expropriations,currency inconvertibility and damages from wars or revolutions is the __________________ Corporation.

The Incoterm for the situation when the seller hands over goods to a carrier at a specified place,where risk then passes is to the buyer,is

Independent businesses that handle import shipments for compensation are

Often new exporters think that they won't have to localize their approach,assuming that a marketing technique or distribution system that works in one country will work in another.

For U.S.firms that already are exporting,the ____________ Administration offers export promotion activities that include export counseling,analysis of foreign markets,assessment of industry competitiveness,and development of market opportunities and sales representation through export promotion events.

There is a series of ______ internationally standardized Incoterms that describe the conditions of sale and the responsibilities of the buyer and seller in international trade transactions.

Credit information can be available for new exporters through all of the following except

Before opening a letter of credit,a buyer frequently requests a __________________.This is the exporter's formal quotation,a description of the merchandise,price,delivery time,proposed method of shipment,terms of sale,and ports of exit and entry.

"Although air freight rates are usually higher than ocean freight rates,it may be less costly for a firm to ship by air." Explain why this statement is correct or incorrect.

Which of the following is the least risky for an importer?

The Incoterm for the situation where the product is delivered at a specified terminal,the seller pays for transport and insurance to that terminal and retains the risk until the goods are loaded at that terminal,is