Exam 16: Export and Import Management

Which of the following countries is the largest participant in database growth?

When import duties are paid, the _________________ duty is a specified amount of the per unit weight or other quantity of the merchandise.

As an aid to expanding information about world trade, increasingly, international marketing information is available in the form of ____________________.

Which of the following is an example of a large trading company?

In order to expand their exporting activities, many Japanese firms rely on giant general trading companies known as _________________________.

A(n) ___________________ refers to the practice where U.S. firms that have an established export department assume, under a cooperative agreement, the Responsibility of exporting the products of other U.S. companies.

________________ channels refer to the legal export/import transaction involving genuine products into a country by intermediaries other than the authorized Distributors.

Exports represent about 4 percent of the U.S. gross domestic product (GDP).

INCOTERMS 2000 which went into effect from January 1, 2000 and is an acronym for ____________________________, are the internationally accepted standard Definitions for the terms of sale by the International Chamber of Commerce.

All of the following are possible payment terms for goods exported to another nation EXCEPT:

Describe the direct and indirect channels of distribution that are available to exporters. As part of the description process, indicate any conditions or advantages that might be present in these channels.

A(n) _________________________ is a contract between the exporter and the shipper indicating that the shipper has accepted responsibility for the goods and Will provide transportation in return for payment.

If goods enter a ________________, they can be re-exported anytime (up to five years) without payment of duty.

All of the following conditions lend to the development of gray markets EXCEPT:

The Ex-Im Bank is described as being a:

The CEM stands for:

When import duties are paid, the _________________ duty is a percentage of the value of the merchandise.

More than 90 percent of the world's trade is denominated in U.S. dollars.

A(n) ____________________ places orders on behalf of its foreign clients with U.S. manufacturers and acts as a finder for its client to get the best buy.

Indicate the factors that a prospective exporter might examine to choose an export market.