Exam 13: Export and Import

Fundamentally,countertrade is best described as a(n)________ transaction.

Serendipity is often an export trigger for companies that purposefully look to internationalize their operations.

Advocates of exporting e-waste assert that the activity helps entrepreneurs in developing countries create value by recovering and recycling scarce resources such as copper.

The benefits of retaining a core competency within a company and purposefully threading that core competency through the value chain are referred to as ________ advantages.

The primary responsibilities of the ________ are the assessment and collection of all duties,taxes,and fees on imported merchandise,the enforcement of customs and related laws,and the administration of certain navigation laws and treaties.

Small and medium-size enterprises,such as SpinCent as seen in the opening case for chapter 13,account for ________ of all U.S. exporters.

Why are financial risks a key concern of SMEs considering international trade?

Which of the following transactions refers to the sale of goods or services produced by a company based in one country to customers that reside in a different country?

A driving factor for the growth in imports is the impact of ________.

Export intermediaries are third-party firms that market products and services abroad on behalf of manufacturers,farm groups,and distributors.

Exporters employ an export management company as part of an indirect exporting strategy.

Why is countertrade considered inefficient?

Major types of indirect intermediaries include export trading companies,distributors,and freight forwarding companies.

Export intensity,the percentage of total revenues coming from exports,is not always correlated with company size.

What are some reasons that firms decide to export their products or services? What does a firm need to consider when developing an export plan?

What are export management companies,and how do they help potential exporters?

Companies can anticipate conducting countertrade with businesses in countries that ________.

Countertrade refers to any one of several different arrangements that parties negotiate so that they can trade goods and services with limited or no use of currency.

All of the following are benefits of countertrade EXCEPT ________.

Exporters who opt for direct exporting are most likely to _______.