Exam 9: Exporting, Importing, and Global Sourcing

_____ refers to a contract that specifies the performance standards that an outsourcer must meet to ensure quality and performance when outsourcing services.

The draft that allows a period of 120 days to pay is very attractive for the importer because it allows time for the importer to sell the goods before having to pay for them.

Most companies consider licensing to be a low-risk market-entry option because there is typically no upfront investment.

The carbon-footprint measure focuses on distance rather than looking at all the fossil fuels used in the manufacture of an item.

Which of the following statements holds true for the barter system?

What steps can companies take to manage the quality and consistency in the performance of the suppliers?

The _____ is the contract between the exporter and the carrier, authorizing the carrier to transport the goods to the buyer's destination.

A commercial or customs invoice refers to the:

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

What are the advantages of outsourcing?

_____ are export intermediaries who represent a company in the foreign market.

Countertrade is a resourceful way for exporters to sell their products and services to foreign companies or countries that would be unable to pay for them using currency alone.

_____ provides a common framework and process to ensure that each party will do what they say in the import/export transaction.

One of the drawbacks of countertrade is the quality of goods received which are often useless or of poor quality.

Which of the following is a contractual mode of entry into a foreign market?

_____ refers to the granting of permission by one party to another party to use intellectual property rights, such as trademarks, patents, brand names, or technology, under defined conditions without providing any other service or product.

Which of the following statements holds true for a tax haven?

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.

An export management company is a government organization that ensures sound development of a country's export trade through quality control and inspection.

_____ refers to an organization that helps U.S.exporters who have found a buyer, yet the buyer is unable to get financing for the purchase in his own country.