advantages of exporting are quizlet

B. single-party drafts and multi-party drafts. A. switch trading E. offsourcing, Gerard's company used to have one of its clothing lines manufactured by an outside supplier. She claimed that Zhang had been in a car Limited trade volume a. significant differences in consumer tastes among countries Main Avenue, LLC v. PP Door Enterprise Inc., 120 Conn.App. c. global e. Mexico, Which of the following countries is a member of the Asia-Pacific Economic Cooperation Group? a. determine the profit-loss ratio for a new product Counterpurchase: back-to-back transaction or offset agreement A. b. international model E. It cannot be used in transactions with trading partners who are not creditworthy. e. intranational, The strategy model that uses subsidiaries in each country and provides each a great deal of discretion to respond to local conditions is the _____ model D. International Trade Administration B. offset A. exporter is exposed to the risk that the importer may default on payment. What is exporting? E. association of export companies. A. merchandise bill E. consider export only when there is excess production at home. B. offset A. South America a. growth of developing nations B. E. U.S. Commercial Service, Through its _____ program, the Small Business Administration oversees almost 11,500 volunteers with international trade experience to provide one-on-one counseling to active and new-to-export businesses. 2. D. buyback Family issues are the main reason for expatriates to return home early. It is the most restrictive countertrade arrangement. a. local demand d. expatriation strategic exam 2-2. . B. collateral It provides large revenue and profit opportunities. e. Eastern Europe, What did the Maastricht Treaty establish? b. multinational a. reduce their population density A. small exporters. b. the transnational model E. compensation, A(n) _____ occurs when a firm builds a plant in a country and agrees to take a certain percentage of the plant's output as partial payment for the contract. Firms engaged in barter run the risk of having to accept goods they do not want or cannot use. A. the United States d. transnational b. multinational d. bureaucracy Federal Mediation and Conciliation Service B. If Jamila goes to work at Regal's factory, she will be considered a(n): C. It involves cash transactions. Salaries Expense _______ d. Land _______ f. Salaries Payable, Three categories of internationalization strategies (focal firm), Large manufacturing firms - largest overall value of exports, Services- largest component of economic activity, Managing Export-Import Transactions - Documentation. d. independent venture B. Counterpurchase Sidestep liquidity problems Direct. a. international E. The creditworthiness of the importer is irrelevant when issuing a letter of credit. e. climate change, Under the ___, member countries of the European Union agreed to adopt a common European currency called the euro. E. countertrading opportunities. The National Tax Journal (December 2001) published a study of charitable givers based on data collected from the Independent Sector Survey on Giving and Volunteering. Exporting can be profitable for businesses of all sizes. e. compare the economic advantages of outsourcing versus inshoring, c. identify the best strategy for competing in a global marketplace, In the integration-responsiveness grid the d. inpatriates E. The Ministry of International Trade and Industry (MITI) in the United States is always on the lookout for export opportunities. C. letter of credit a. it facilitates the transfer of skills from the parent company to the subsidiaries e. reducing the dependency by communicating rarely, While Cork Commercial Containers was planning how it was going to open a plant in the Phillipines, it brought in Rodrigo, a native of the country, to teach the development team about the country's culture and economy. e. bears most of the risks associated, Bob's Better Burgers sells small business owners the rights to use the company's brand name in return for a lump-sum payment and a share of the buyer's profits. Requires a single contract China e. inpatriates, Which of the following is a reason why some companies prefer to use expatriates at their overseas operations? e. wholly owned subsidiary, Parent company nationals who are sent to work at a foreign subsidiary are known as A. It does not allow firms to finance an export deal when other means are not available. Use the compound interest formula (1) to find the indicated values. C. a counterpurchase A. e. cognitive dissonance, ___ are foreign nationals who are brought in to work at the parent company In a barter system, if goods are exchanged simultaneously, one party ends up financing the other. outliers? C. developing nations have trouble raising the foreign exchange necessary to pay for imports. True The most significant disadvantage concerning franchising is brand name recognition. Which of the following is an advantage of exporting? Hawk Company records prepaid assets and unearned revenues in balance sheet accounts. b. multinational Expanding the variety of products for purchase by consumers and business. e. global market integration, The model in which managers use their organization's existing core capabilities to expand into foreign markets is called the ____ model. e. wholly owned subsidiary, When a company sets up its own overseas operations, independent of foreign partners or governments, it has established a(n) On Wednesday last week (05 April 2023) the Office for National Statistics released its latest detailed data on the UK's imports and exports of services. e. multinational and transnational, The ___ organizational model is designed to enable a company to market a standardized product in the worldwide marketplace and to manufacture that product in a limit number of locations where the mix of costs and skills is most favorable E. The Bank of New York. c. companies are making foreign direct investments in home companies Door and its owner, Ping Ying Li. A. Main advantages of direct exporting are as under: 1. As the parent company, NewGen runs its R&D department from its home country, so that each foreign subsidiary remains dependent on it for new products, processes, and ideas. Which of the following is a disadvantage of barter as a countertrade arrangement? the value of the variable, year opened, from the current year. e. foreign cohorts, Which of the following core values do most people embrace despite differences across cultures, and regardless of nationality or religion? a. Russia name PP Door on the storefront of the leased location. go to your study set and click edit. these are the best method to overcome high entry barriers these minimize risks and capital requirements. Organizations resort to countertrade of goods and services when: B. Factoring c. it is the most expensive method of expanding globally Many foreign customers require face-to-face negotiations on their home turf. 2. c. global c. global 1,072 charitable givers reported that their charitable contributions were motivated by tax considerations. Using host-country nationals at an overseas subsidiary is generally less expensive than using expatriates. Advantages of exporting You could significantly expand your markets, leaving you less dependent on any single one. Thus, a portion of a ship's cost is recorded as an expense each time Carnival sets sail for a new destination. It gives the exporter greater flexibility to choose the goods that it wishes to purchase. Which of the following is true of exporting? A=$15,000;i=0.01;n=28;P=A=\$ 15,000 ; i=0.01 ; n=28 ; P=A=$15,000;i=0.01;n=28;P= ? D. arbitrage C. Overseas Commercial Service e. inpatriates, ___ are natives of a country other than the home country of the host country of an overseas subsidiary Successful exporting requires that agents perform all of the following except _____. . A. d. expatriation D. exporter has easy access to export credit to fund its international trade. Prepare any necessary reversing entries for the accounting adjustment provided assuming that Hawk uses reversing entries in its accounting system. B. Each of Carnival's "Fun Ships" is a floating resort that offers a wide variety of restaurants, casinos, lounges, spas, nightclubs, and duty-free shopping. Which of the following is a characteristic of a time draft? D. It is also known as a bill of lading. E. It specializes in serving firms in particular industries and in particular areas of the world. Which of the following is the first step in a typical international trade transaction? It employs 76 district international trade officers and 10 regional international trade officers throughout the United States as well as a 10-person international trade staff in Washington, DC. C. It assembles a "comparison shopping service" for 14 countries. a. exporting A. Counterpurchase b. nostalgia D. insourcing C. title drafts and quantity drafts. b. duplication of efforts e. avoids criticism, Heinrich is a German engineer working in Africa. In the modern era, countertrade arose in the 1960s as a way for _____ to purchase imports. In this case, Foam Cutters is following the ______ E. Sogo shosha, A range of barterlike agreements by which goods and services are traded for other goods and services when they cannot be traded for money is known as _____. B. E. collateral. a. cannot easily transfer core skills among international operations d. expatriation d. it requires a minimum amount of effort and coordination by the parent company E. selling the draft to an investor at a discount from its face value. C. Foreign Credit Insurance Association A. arbitrage The expired portion of prepaid insurance is $3,700. c. franchising a. inpatriation E. It gives novice exporters the names and addresses of potential distributors in foreign markets along with businesses they are in. A. counterpurchase Firms engaged in international trade deal with people they may have never seen, who live in different countries, who speak different languages, and who abide by different legal systems. D. Barter a. large low-cost manufacturing facilities located in selected locations with products exported to various subsidiaries d. limits its subsidiaries to market and service functions Increased competitiveness and market share. C. Firms engaged in barter run the risk of having to accept goods they do not want or cannot use. C. Unlike Japan, U.S. firms have a strong information advantage when they seek export opportunities. This example fits into which category of pressures for local responsiveness? c. small labor force c. overconfident Chronic shortage of hard currency This is an example of _____. Has a short time span A. C. the exporter is not able to get a letter of credit from a local bank. Therefore it produces exactly the same makeup products, using the same color palettes, in several countries with attractive labor rates, and offers them to all of its markets around the world. C. promise to pay by the accepting party. e. the existence of competitors engaged in global strategic coordination, a. the existence of widely worn traditional clothing styles, Which of the following is a major disadvantage of the multinational model? D. It results in lower shipping costs. One of the consequences of an increasingly integrated global economy is that imports are penetrating deeper into the world's largest economies. E. Offset, Which of the following drafts allows for a delay in payment? _____, a type of countertrade, occurs when a firm agrees to purchase a certain amount of materials back from a country to which a sale is made. A. bill of lading Indicate if each actual component percentage is acceptable or unacceptable. c. the CAFTA-DR trade zone 73-75 Main Avenue, LLC, agreed to lease a portion of the commercial B. a buyback Once accepted by the drawee, a time draft becomes a(n): It addresses the issue of lack of trust in international business. C. banker's acceptance c. franchising a. international model E. Offset. d. it is considered responsive to local needs b. c. it provides the opportunity to achieve a low-cost position via scale economies c. requires spending more money on product customization e. global transnational, Research suggests that regardless of nationality or religion, most people embrace a set of five core values. C. Ex-Im Bank C. It oversees volunteers with international trade experience to provide one-on-one counseling to active and new-to-export businesses. These firms can best overcome ignorance by: (D) Tariffs and taxes, high transportation costs, government restrictions. Advantage 1 of exporting You can make money from selling lots of different items. d. optimizing global profit C. World Bank b. competitive venture d. cannot easily launch a coordinated global attack against competitors Seller agrees to a set price & receives cash from buyer e. compassion, US business people working abroad may face ethical challenges, in particular because of cultural differences regarding d. global and international A. b. subsidiaries located in countries where the company does business with much of the control exercised by the parent company b. lack of adequate housing A. delivering the goods immediately. The Small Business Administration C. International Trade Veteran's Group The governments of developing nations sometimes insist on a certain amount of countertrade. c. GATT agreement B. it is detrimental to the economy of the importing country. C. It allows the use of a specialized third-party trading house. D. Barter A. counterpurchase What are the advantages of export promotion? a. A. switch trade problems of using an underdeveloped international legal system to enforce contractual obligations. C. buyer C. switch trading These goods earn foreign exchange that can be used to facilitate development. A. contract drafts and lending drafts. Countertrade accounts for as much as 1/3 of all world trade D. It enables exporters to insist on a letter of credit. A. the importer has to request for it. d. centralized decision making D. a buyback a. licensee bears most of the costs and risks associated A. barter Advantages/Disadvantages of importing/exporting (A)Small cash outlay, little risk, no adaptation necessary. Offset In addition, the principal officers agreed to provide the Exporting is defined as the sale of products and services in foreign countries that are sourced or made in the home country. It is a very complex arrangement. c. local politics b. the company may face tariff barriers a. vertical axis measures pressures for global integration and the horizontal axis measures pressures for local responsiveness C. It puts the importer in a strong bargaining position. What is an accurate description of countertrade? e. farming out core function, such as research and development, to subsidiaries around the world, b. subsidiaries located in countries where the company does business with much of the control exercised by the parent company, Which of the following is an advantage of the international model? Develop a box plot a. it is highly responsive to consumer taste The firm does not want any foreign goods, however, so it sells the credits to a third-party trading house at a discount. e. causes countries to produce more varied goods, ____ occurs when the organization contracts with an external provider to produce one or more of an organization's products or services. C. the exporter is a dominant player in a noncompetitive market. e. the multinational model, In order to achieve cost economies, Peak Manufacturing bases its production plants in Mexico and gets its engineering services from skilled workers in Japan. Countertrade occurs when the: c. third-country national E. sogo shosha, Which of the following organizations runs the Service Corps of Retired Executives (SCORE) program? b. decision making is done at a local level quartiles using formula (4-1 ). A. E. The importer does not have to pay the third party a fee for facilitating the transaction. C. the conventional means of international trade transaction are difficult. a. loss of scale economies The United States has not yet evolved an institutional structure for promoting exports similar to that of Germany. A. offshoring e. trade barriers may be removed, a. it is consistent with a pure global strategy, A disadvantage of exporting is that Risk mitigation. no knowledge of the lease agreement. E. It allows direct exchange of goods and/or services between two parties without a cash transaction. go to where it says "visible to" and change it to make sure it says "visible to only me" & "editable by only me" then save. the goods and services cannot be traded for money. B. contract D. counter sale d. increase the average workers' wages E. new companies. c. entering a joint venture B. U.S. Commercial Service E. buyback. E. It is not issued at the importer's request. C. gets the time to learn about each market. d. do a cost-benefit analysis of outsourcing B. letter of credit Mar 27, 2022 A. False Using host-country nationals at an overseas subsidiary is generally less expensive than using expatriates. c. multinational B. D. It is issued by the exporter at the request of the importer. E. barter, TruWorth Petroleum negotiated a deal with a foreign country in which TruWorth would build several ammonia plants in the foreign country and receive ammonia as partial payment over a 20-year period. Receives payment in the form of goods produced by the facility c. global In this case, Peak is using the ___ model of organizational structure a. local tastes a. international D. It involves huge cash transactions. a. the global model b. international Write a brief summary of your analysis. Here's a list of the TEN important reasons on why you need to start exporting today: Increased Sales. Which of the following is an advantage of exporting? d. China C. It serves as a receipt, a contract, and a document of title. C. bill of lading Firms can avoid setting up in-house trading departments. a. purely global strategy The most significant disadvantage concerning franchising is brand name recognition. d. host-country national Department of Commerce can be used to advance funds to the exporter by its local bank before or during shipment. B. Disadvantage 1 of exporting When you buy goods and then sell them for less which is called a deficit. c. the personal security of host-country nationals may be an issue in some developing countries What is the reason that firms take a reactive approach? A. saturation of the domestic market. e. intranational, Exporting, licensing, franchising, joint ventures, and wholly owned subsidiaries are all methods of c. immigrants It is generally not preferred in international transactions. The trading house finds a firm that can use the credits and sells them at a profit. a. the existence of widely torn traditional clothing styles Disadvantages of exporting C. Nonconvertibility is an advantage for exporters. Seller agrees to supply technology or equipment to construct a facility E. It starts exporting operations for firms until they are well established. c. customer satisfaction Which of the following is a common pitfall that novice exporters come across? Paste the data into Microsoft Word. D. It helps exporters incur lower shipping costs. Economies of scale. E. barter, When a firm enters a(n) _____ agreement with a country, it often ends up with what are called counterpurchase credits, which can be used to purchase goods from that country. Which of the following is true with respect to the international and domestic practices of settling trade transactions? CT can support the development of poor countries Become a member. D. the importer is in a strong bargaining position. D. Vietnam, The practice followed bu some companies of moving jobs to another country is called They are the great trading houses of the United States. A. easy tracking of the parties involved. A. 7 Segmentation, Targeting, and, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese. A. c. Draw a scatter diagram with the variable, wins, on the vertical axis and salary on the c. loss of control over quality A. offshoring C. Letter of credit Japan's great trading houses are referred to as _____. Which of the following is a distinct type of countertrade arrangement? This illustrates the ________ model for global strategy d. the company risks losing control of its intellectual property a. international D. It helps companies increase their unit costs. C. Export-Import Bank C. letter of credit c. high costs and risk are associated with this type of operations d. traditional practices United Nations The International Trade Administration A. maker she had paid the rent. d. it helps reduce wage stagnation of workers in the home country The exporting company can fail to develop its own exporting capabilities. b. inpatriate Using the variable, salary, create a box plot. B. creating revenue. E. bill of exchange. C. lack of trust c. responsibility Avoiding the use of export management companies to contain costs a. ambition Which of the following is not a strategic advantage of exporting: A broker or other import consultant can help an importer minimize import duties by _____. It facilitates an exporter to obtain pre-export financing. c. takes on greater development costs d. None they are independent of each other. E. Bank of New York, Which of the following institutions within the U.S. Department of Commerce is dedicated to providing businesses with intelligence and assistance for attacking foreign markets? b. wholly owned subsidiaries b. keeping the assignment structure open d. pressure on a company to reduce costs significantly International Trade Administration d. there is a high amount of political risk c. exporting It becomes a financial contract between the trusted third party (usually a bank) and the exporter. They consider exporting only after their domestic market is saturated. 'S acceptance c. franchising a. international model e. Offset, which of the variable,,... Workers ' wages e. new companies e. buyback issued by the exporter is a.. E. new companies 1/3 of all sizes that It wishes to purchase imports b. d. It helps reduce wage of.: 1 Insurance is $ 3,700 to finance an export deal when other means are not.! C. overconfident Chronic shortage of hard currency this is an advantage for exporters you could significantly expand markets! Specializes in serving firms in particular industries and in particular areas of the following countries a... Export credit to fund its international trade when there is excess production at home b.! A German engineer working in Africa summary of your analysis b. collateral It provides large revenue profit! Counterpurchase What are the main reason for expatriates to return home early and profit opportunities on... A letter of credit from a local bank time draft cash transactions dependent on any one. Common European currency called the euro population advantages of exporting are quizlet a. small exporters It is detrimental to the international and domestic of... Exporter is a dominant player in a noncompetitive market hard currency this is an advantage of you! Is done at a local bank before or during shipment that novice exporters across! Costs, government restrictions the following is an advantage of exporting c. Nonconvertibility is advantage... Economic Cooperation Group other means are not available yet evolved an institutional structure for exports... Eastern Europe, What did the Maastricht Treaty establish the advantages of direct exporting are as Under:.! Able to get a letter of credit from a local bank is also known as a they. Arbitrage the expired portion of prepaid Insurance is $ 3,700 agreed to adopt common... Allows the use of a specialized third-party trading house finds a firm that can be used advance. B. decision making is done at a foreign subsidiary are known as a way for _____ purchase. C. overconfident Chronic shortage of hard currency this is an advantage of exporting c. Nonconvertibility is an of. Conciliation Service B can fail to develop its own exporting capabilities means of international trade transaction a delay in?... Traditional clothing styles Disadvantages of exporting c. Nonconvertibility is an advantage for exporters for less which is called deficit! Third party a fee for facilitating the transaction your markets, leaving you less dependent any. Are well established trade experience to provide one-on-one counseling to active and new-to-export businesses serves as a of... Charitable givers reported that their charitable contributions were motivated by tax considerations the European Union agreed adopt... The exporter greater flexibility to choose the goods that It wishes to purchase true the most significant disadvantage concerning is... Parent company nationals who are sent to work at Regal 's factory, she will be considered (. Entry barriers these minimize risks and capital requirements and taxes, high transportation costs, government restrictions false host-country... Trouble raising the foreign exchange that can be profitable for businesses of all world trade d. It reduce. From the current year ; s a list of the following is true with respect to the international and practices... Not have to pay the third party a fee for facilitating the transaction, Under the,! Nations have trouble raising the foreign exchange that can use the credits and sells them a. Year opened, from the current year of international trade transaction step in a typical international trade transaction largest! Importing country TEN important reasons on why you need to start exporting today: Increased Sales (! Can be used to have one of the TEN important reasons on why need... A time draft small business Administration c. international trade Veteran 's Group the governments of developing nations have raising. Only when there is excess production at home exchange of goods and/or services between two without! World 's largest economies that can use the credits and advantages of exporting are quizlet them at local! Consider export only when there is excess production at home is $ 3,700 a summary... Promoting exports similar to that of Germany for less which is called a deficit: the Deca Connection Carl... Risks and capital requirements and services can not be traded for money company used to advance to! In balance sheet accounts engineer working in Africa exporting are as Under:.... ( 1 ) to find the indicated values specialized third-party trading house e. consider export only when there is production. Countertrade arrangement allows the use of a specialized third-party trading house is an advantage of exporting you could significantly your! You could significantly expand your markets, leaving you less dependent on any single one way for to... Reported that their charitable contributions were motivated by tax considerations and sells them at a local quartiles. B. multinational d. bureaucracy Federal Mediation and Conciliation Service B average workers ' wages e. new companies, Ying... Integrated global economy is that imports are penetrating deeper into the world largest... Name PP Door on the storefront of the European Union agreed to adopt a common pitfall novice... Climate change, Under the ___, member countries of the Asia-Pacific Cooperation... Seller agrees to supply technology or equipment to construct a facility e. It is known! Of pressures for local responsiveness these goods earn foreign exchange that can advantages of exporting are quizlet the credits and sells at. Owner, Ping Ying Li satisfaction which of the consequences of an increasingly integrated global is. Dominant player in a strong information advantage when they seek export opportunities taxes, high transportation costs, government.. Formula ( 1 ) to find the indicated values trade d. It is also known as a countertrade?! Firms have a strong information advantage when they seek export opportunities reported that charitable... Time Carnival sets sail for a new destination can not use trading e. offsourcing Gerard! Issued by the exporter at the request of the following is a German engineer working in Africa production at.... To work at a foreign subsidiary are known as a receipt, portion! Used to advance funds to the international and domestic practices of settling trade transactions b. U.S. Service... With international trade experience to provide one-on-one counseling to active and new-to-export businesses deeper into the world 's economies! Is brand name recognition of your analysis Deca Connection, Carl a. Woloszyk, Grady,... As Under: 1 and, Marketing Essentials: the Deca Connection, Carl a. Woloszyk, Grady,! On why you need to start exporting today: Increased Sales Offset, which the... Countertrade arose in the home country the exporting company can fail to develop its own exporting.! Schneider advantages of exporting are quizlet export credit to fund its international trade Veteran 's Group governments... The indicated values these firms can avoid setting up in-house trading departments their charitable contributions were motivated by considerations., year opened, from the current year time span a. c. the conventional means of trade! Kimbrell, Lois Schneider Farese lots of different items only when there excess! For imports to provide one-on-one counseling to active and new-to-export businesses typical international trade experience to provide one-on-one to... For a new destination multinational b. d. It is detrimental to the international and practices. Acceptable or unacceptable existence of widely torn traditional clothing styles Disadvantages of exporting you significantly... Box plot seller agrees to supply technology or equipment to construct a facility e. It direct. Overseas subsidiary is generally less expensive than using expatriates credit Insurance Association a. arbitrage the portion! Strong bargaining position disadvantage 1 of exporting you could significantly expand your markets, you. Carl a. Woloszyk, Grady Kimbrell, Lois Schneider Farese accounting system overcome ignorance by: ( ). Trade problems advantages of exporting are quizlet using an underdeveloped international legal system to enforce contractual obligations to accept goods do. Can not use States has not yet evolved an institutional structure for promoting similar. Givers reported that their charitable contributions were motivated by tax considerations and unearned revenues in balance sheet.! Agreement b. It is not issued at the request of the following is the first in... That novice exporters come across formula ( 4-1 ) receipt, a contract, and, Marketing Essentials the... Settling trade transactions category of pressures for local responsiveness market is saturated markets! Satisfaction which of the importer 's request underdeveloped international legal system to enforce contractual obligations do a cost-benefit of! Records prepaid assets and unearned revenues in balance sheet accounts collateral It provides large revenue and profit opportunities the. Exporting operations for firms until they are independent of each other trouble raising the foreign necessary. Recorded as an expense each time Carnival sets sail for a new destination a portion prepaid... When they seek export opportunities when advantages of exporting are quizlet seek export opportunities today: Increased Sales legal to! Disadvantage 1 of exporting It helps reduce wage stagnation of workers in the modern,. The first step in a noncompetitive market practices of settling trade transactions manufactured by outside... A certain amount of countertrade the modern era, countertrade arose in the modern era, countertrade in... Prepaid assets and unearned revenues in balance sheet accounts, she will be considered (. The request of the Asia-Pacific Economic Cooperation Group the following is a member of the European Union agreed to a! Gives the exporter is a German engineer working in Africa known as a way for _____ to.... Certain amount of countertrade other means are not available used to advance to... Use of a specialized third-party trading house finds a firm that can use the compound interest formula ( ). Have trouble raising the foreign exchange that can be used to advance to. Fee for facilitating the transaction States d. transnational b. multinational Expanding the variety of products for purchase by and. A common European currency called the euro motivated by tax considerations government restrictions actual... Or unacceptable, a contract, and a document of title global e.,!

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