Exam 13: Exporting,Importing,and Countertrade

Studies have shown that while small firms tend to be proactive about seeking opportunities for profitable exporting,systematically scanning foreign markets to see where the opportunities lie for leveraging their marketing skills in foreign countries,many large firms are very reactive.

For U.S.firms,the most comprehensive source of export opportunities information is the:

Time drafts:

When a time draft is presented to the drawee,he signifies acceptance of it by:

The United States has now evolved an institutional structure for promoting exports that is better than that of either Germany or Japan. United States has not yet evolved an institutional structure for promoting exports similar to that of either Germany or Japan.

The mission of the Foreign Credit Insurance Association is to provide financing aid that will facilitate exports,imports,and the exchange of commodities between the U.S.and other countries.

A bill of lading serves all of the following purposes EXCEPT:

The two forms of government-backed assistance that prospective U.S.exporters can draw on to help finance their export programs are financing aid from the Export-Import Bank and export credit insurance from the Foreign Credit Insurance Association.

In a(n)_____ one party can fulfill the obligation with any firm in the country to which the sale is being made.

When a time draft is drawn on and accepted by a bank,it is called a:

Until recently the United States has been a relatively self-contained continental economy in which international trade played a minor role.

Firms that export lose out on opportunities of growth and cost reduction.

Countertrade's main attraction is that it can give a firm a way to finance an export deal through in hard currency.

The principle of a _____ is to trade goods and services when they cannot be traded for money.

When should an exporter get export credit insurance?

The International Trade Administration and the United States and Foreign Commercial Service are both:

Exporting is nearly always a way to increase the company's revenue and profit base because

_____ occurs when a third-party trading house buys the firm's counterpurchase credits and sells them to another firm that can better use them.

When a firm agrees to purchase a certain amount of materials back from a country to which a sale is made,it is engaging in a(n):

By expanding the size of the market,exporting can enable a firm to achieve _____,thereby lowering its unit costs.