Exam 8: Importing,exporting,and Sourcing

Which of the following is not true about a personal visit to size up the market firsthand and begin the development of an actual export-marketing program?

The sale of merchandise in export markets at unfair prices is known as:

What are customs duties? How do they work in controlling imported goods? Discuss in light of the different categories of customs duties.

The Fly American Act is an example of a nontariff barrier.

Volkswagen's business environment includes a significant wage differential between Mexico and Germany.

The Harmonized Tariff System (HTS)is currently the dominant system for determining the correct classification number.

Which of the following financing methods would be used by an exporter that enjoys good relations with a buyer in a well-established market?

"Export selling" involves tailoring various elements of the marketing mix to global market requirements.

The organizational decision to purchase production inputs,components,or finished goods from domestic or foreign producers is known as the ________ decision.

The furniture industry has become one of the fastest-growing sectors of China's economy.Furniture imports are flooding into the United States from China.This can be attributed to:

When Honda's U.S.manufacturing subsidiaries purchase parts from Japan,customs authorities in the United States have the right to scrutinize the transfer price to make sure it is a fair reflection of market value.

A duty that represents a certain percentage of the value of a particular product is a(n):

The export and import process can entail red tape and bureaucratic delays.In an effort to facilitate exports,countries are designating certain areas as:

Recently "Call Centers" have mushroomed in countries like India,China,and Philippines due to the outsourcing by many Western countries.What are the benefits and disadvantages to this method of sourcing? What factors should be taken into account when deciding to outsource?

An irrevocable letter of credit transfers the payment obligation for an export deal from the buyer to the buyer's:

Which of the following establishes classification numbers that must be used by importers and exporters?

Potential export problems include packaging,government red tape,warehousing,advertising,and trade restrictions.

In 2010,dozens of Bangladeshis were killed in two separate fires in factories that made clothing for western clients such as JCPenney and Gap.In November 2012,112 garment workers were killed when a fire broke out at Tazreen Fashions,a clothing manufacturer in Dhaka,Bangladesh.What are the implications of these tragic incidences on the export by a country dependent on exports?

Which of the following documents represents title to goods in an export transaction?

Tax incentives,subsidies,export assistance,and free trade zones are common support provided by governments to firms that engage in exporting.