Exam 18: Global Opportunities for Small Business

Describe the role trade intermediaries play in assisting small businesses that choose to go global.Identify the types of trade intermediaries that are most useful to small businesses.

A Canadian grocery store chain with its corporate headquarters in Quebec has approached Antonio,the owner of a company that produces pasta,about exporting its pasta into Canada.Which question would need to be answered in relation to the company's production capacity objectives?

To expand a market,an emerging motivation for going global is to

Match the term with its definition.Some terms may not be used. a.Bill of lading b.Born-global firms c.Counterfeit activity d.Economic risk e.Economies of scale f.Exchange rate g.Letter of credit h.Offshoring i.Political risk j.Royalties -An agreement issued by a bank to honor a draft or other demand for payment when specified conditions are met

An example of a trade intermediary most suited for small businesses is an export remarketer.

Learning effects occur when an employee gains insight from experience,which leads to improved work performance.