Exam 9: Exporting,Importing,and Global Sourcing

Customs administration offices in both the home country and the country to which the item is being exported are involved in the transaction of goods.

What are the two contractual modes of entry into a foreign country?

What are the factors that have an impact on the success of an organization trying to establish its business in a foreign country?

Which of the following statements holds true for the sight draft?

In _____ the company delegates an entire process (e.g.,accounts payable) to an outsource vendor.

An export management company is an independent company that handles the necessary documentation,finds buyers for the export,and takes title of the goods for direct export.

_____ refers to buying goods and services from foreign sources and bringing them back into the home country.

The term _____ refers to a situation in which an exporter sells a time draft at a discount to an intermediary (often a bank) that will pay the exporter immediately and then collect the full amount from the importer at the later date.

A(n) _____ refers to a country that has very advantageous (low) corporate income taxes.

SBA's _____ program provides loans for businesses that can generate export sales but do not have the working capital to purchase inventory or to stay in business during the long payment cycles.

SBA's _____ loan program funds small businesses to pay for any activity that will increase exports.

Due to national security or product scarcity,some governments require that organizations need to acquire a(n) _____,which refers to the permission to export goods.

A(n) _____ is an independent company that performs the duties that a firm's own export department would execute.

What are the challenges posed by joint ventures for the companies involved?

What is the Japan External Trade Organization (JETRO)?

The _____ certification is a mark that a company's products and services have met quality standards and that the company has quality-management processes in place.

Most companies consider the market-entry option of licensing to be a high-risk option because of the heavy upfront investment.

The customs invoice acts as proof that the shipment was made and that the goods have been received.

Which of the following statements is true about distributors?

_____ is defined as the sale of products and services in foreign countries that are sourced or made in the home country.