Question 1

Which of the following best explains why SpinCent decided to export?

Accepted Answer

A) growth opportunities in Asia 
B) labor demands in the U.S. 
C) declining tariffs in the EU 
D) promising market locations in South America 
A) growth opportunities in Asia 
B) labor demands in the U.S. 
C) declining tariffs in the EU 
D) promising market locations in South America

Question 2

What are the three main types of exporters? What are the three main types of importers? Briefly describe the characteristics of each.

Accepted Answer

Occasional exporters are firms that have

Question 3

One advantage of importing is that an importer can diversify its operating risks by developing alternative suppliers.

Accepted Answer

A) True 
 B)False

Question 4

Companies new to exporting most frequently suffer over-commitment by top management in taking on the initial difficulties and financial requirements of exporting.

Accepted Answer

A) True 
 B)False

Question 5

You are the manager of an SME in the United States, and your firm wants to begin exporting.Since you have never been involved with exporting, there are many compelling reasons that encourage contacting the ________ to obtain expert counseling on exporting.

Accepted Answer

A) U.S. Treasury Department 
B) Small Business Administration 
C) Federal Credit Insurance Association 
D) U.S. Commerce Department 
A) U.S. Treasury Department 
B) Small Business Administration 
C) Federal Credit Insurance Association 
D) U.S. Commerce Department

Question 6

What is the difference between exporting and importing? What are the unique characteristics of service exports and service imports?

Accepted Answer

Exporting is the sale of goods or servic

Question 7

What difficulties of exporting can be minimized by customs brokers?

Accepted Answer

A battery of documents regulates interna

Question 8

Which of the following is NOT an example of a service export?

Accepted Answer

A) a management firm providing advice to a foreign client 
B) an investment bank arranging financing for a foreign firm 
C) a coffee chain opening a new store in a foreign country 
D) an engineering firm building roads in a foreign country 
A) a management firm providing advice to a foreign client 
B) an investment bank arranging financing for a foreign firm 
C) a coffee chain opening a new store in a foreign country 
D) an engineering firm building roads in a foreign country

Question 9

An export trading company (ETC)works with many manufacturers rather than representing a single manufacturer

Accepted Answer

A) True 
 B)False

Which of the following best explains why SpinCent decided to export?

What are the three main types of exporters? What are the three main types of importers? Briefly describe the characteristics of each.

One advantage of importing is that an importer can diversify its operating risks by developing alternative suppliers.

Companies new to exporting most frequently suffer over-commitment by top management in taking on the initial difficulties and financial requirements of exporting.

You are the manager of an SME in the United States, and your firm wants to begin exporting.Since you have never been involved with exporting, there are many compelling reasons that encourage contacting the ________ to obtain expert counseling on exporting.

What is the difference between exporting and importing? What are the unique characteristics of service exports and service imports?

What difficulties of exporting can be minimized by customs brokers?

Which of the following is NOT an example of a service export?

An export trading company (ETC)works with many manufacturers rather than representing a single manufacturer

Globalization and International Business

The Cultural Environments Facing Business

The Political and Legal Environments Facing Business

The Economic Environments Facing Businesses

Globalization and Society

International Trade and Factor-Mobility Theory

Governmental Influence on Trade

Cross-National Cooperation and Agreements

Global Foreign-Exchange Markets

The Determination of Exchange Rates

Global Capital Markets

The Strategy of International Business

Country Evaluation and Selection

Direct Investment and Collaborative Strategies

The Organization of International Business

Marketing Globally

Global Manufacturing and Supply Chain Management

International Accounting and Finance Issues

International Human Resource Management

Filters

Exam 14: Export and Import

Which of the following best explains why SpinCent decided to export?

What are the three main types of exporters? What are the three main types of importers? Briefly describe the characteristics of each.

One advantage of importing is that an importer can diversify its operating risks by developing alternative suppliers.

Companies new to exporting most frequently suffer over-commitment by top management in taking on the initial difficulties and financial requirements of exporting.

You are the manager of an SME in the United States, and your firm wants to begin exporting.Since you have never been involved with exporting, there are many compelling reasons that encourage contacting the ________ to obtain expert counseling on exporting.

What is the difference between exporting and importing? What are the unique characteristics of service exports and service imports?

What difficulties of exporting can be minimized by customs brokers?

Which of the following is NOT an example of a service export?

An export trading company (ETC)works with many manufacturers rather than representing a single manufacturer

Globalization and International Business

The Cultural Environments Facing Business

The Political and Legal Environments Facing Business

The Economic Environments Facing Businesses

Globalization and Society

International Trade and Factor-Mobility Theory

Governmental Influence on Trade

Cross-National Cooperation and Agreements

Global Foreign-Exchange Markets

The Determination of Exchange Rates

Global Capital Markets

The Strategy of International Business

Country Evaluation and Selection

Direct Investment and Collaborative Strategies

The Organization of International Business

Marketing Globally

Global Manufacturing and Supply Chain Management

International Accounting and Finance Issues

International Human Resource Management

Filters