Question 1

Air transportation remains a relatively inexpensive form of international distribution.

Accepted Answer

A) True 
 B)False  False

Question 2

Which of the following describes the practice of loading flatbed trailers on rail cars for delivery on part of a distribution route,at which point they are transferred back to trucks for the balance of the delivery?

Accepted Answer

A)  Birdybacking 
B)  Fishbacking 
C)  Piggybacking 
D)  Railbacking 
E)  Piggyboating 
A)  Birdybacking 
B)  Fishbacking 
C)  Piggybacking 
D)  Railbacking 
E)  Piggyboating C

Question 3

A document against payment refers to drafts in which a buyer agrees to pay the exporter by a certain time and the agreement must be signed before the buyer receives title to the goods.

Accepted Answer

A) True 
 B)False  False

Question 4

Describe the various methods for direct exporting,including home-country-based and foreign-country-based activities.

Accepted Answer

Direct exporting involves selling goods

Question 5

The possession of unique assets that consumers want to purchase increases the potential for a company to make profits from exporting a product.

Accepted Answer

A) True 
 B)False

Question 6

Types of utility associated with international distribution channels include place,time,possession,and communication.

Accepted Answer

A) True 
 B)False

Question 7

The most secure financing document for exporters is a letter of credit.

Accepted Answer

A) True 
 B)False

Question 8

Trade associations,governmental agencies,and port authorities are which of the following?

Accepted Answer

A)  Change agents 
B)  Outside forces 
C)  Regulatory bodies 
D)  Change intermediaries 
E)  Investment companies 
A)  Change agents 
B)  Outside forces 
C)  Regulatory bodies 
D)  Change intermediaries 
E)  Investment companies

Question 9

Which of the following is the simplest form of home-based direct exporting?

Accepted Answer

A)  Built-in departments 
B)  Separate export departments 
C)  Export sales subsidiary 
D)  Sales branches 
E)  Sales subsidiary 
A)  Built-in departments 
B)  Separate export departments 
C)  Export sales subsidiary 
D)  Sales branches 
E)  Sales subsidiary

Question 10

List and describe the roles of export merchants,trading companies,export commission houses,resident buyers,and brokers as they apply to international distribution activities.

Accepted Answer

Export merchants are individuals or comp

Question 11

Which type of store offers widely available,intensively distributed products to consumers?

Accepted Answer

A)  Convenience 
B)  Supermarkets 
C)  Hypermarkets 
D)  Department 
E)  Specialty 
A)  Convenience 
B)  Supermarkets 
C)  Hypermarkets 
D)  Department 
E)  Specialty

Question 12

Which of the following involves a producer or supplier being in charge of marketing to foreign buyers?

Accepted Answer

A)  Direct marketing 
B)  Direct exporting 
C)  Direct importing 
D)  Indirect exporting 
E)  Indirect importing 
A)  Direct marketing 
B)  Direct exporting 
C)  Direct importing 
D)  Indirect exporting 
E)  Indirect importing

Question 13

Economic order quantity:

Accepted Answer

A)  Identifies the supplier from which merchandise should be reordered 
B)  Specifies the rate at which inventory is being sold 
C)  Notifies the supplier that inventory should be shipped 
D)  Identifies the number of consumers purchasing inventory 
E)  Identifies the point at which merchandise should be reordered 
A)  Identifies the supplier from which merchandise should be reordered 
B)  Specifies the rate at which inventory is being sold 
C)  Notifies the supplier that inventory should be shipped 
D)  Identifies the number of consumers purchasing inventory 
E)  Identifies the point at which merchandise should be reordered

Question 14

Making sure a product is available when a consumer needs it provides which of the following types of utility?

Accepted Answer

A)  Place 
B)  Time 
C)  Possession 
D)  Communication 
E)  Logistical 
A)  Place 
B)  Time 
C)  Possession 
D)  Communication 
E)  Logistical

Question 15

Which of the following is not one of the major methods of transportation for international distribution that is discussed in the text?

Accepted Answer

A)  Air 
B)  Water 
C)  Railroad 
D)  Pipeline 
E)  Electronic transmission 
A)  Air 
B)  Water 
C)  Railroad 
D)  Pipeline 
E)  Electronic transmission

Question 16

Which country has the highest level of rail line availability?

Accepted Answer

A)  United States 
B)  United Kingdom 
C)  Argentina 
D)  Brazil 
E)  China 
A)  United States 
B)  United Kingdom 
C)  Argentina 
D)  Brazil 
E)  China

Question 17

Which of the following represent foreign buyers in a domestic market and act as purchasing agents for foreign companies?

Accepted Answer

A)  Export commission houses 
B)  Resident buyers 
C)  Brokers 
D)  Direct merchant intermediaries 
E)  Resident brokers 
A)  Export commission houses 
B)  Resident buyers 
C)  Brokers 
D)  Direct merchant intermediaries 
E)  Resident brokers

Question 18

A revocable letter of credit refers to a letter in which the importer bank can cancel or change terms of agreement without getting approval from all parties.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following identifies merchandise in a shipment?

Accepted Answer

A)  Market channel license 
B)  Bill of lading 
C)  Draft for payment 
D)  Export agreement 
E)  Export draft 
A)  Market channel license 
B)  Bill of lading 
C)  Draft for payment 
D)  Export agreement 
E)  Export draft

Question 20

Which of the following describes the decrease in per unit cost resulting from an increased number of products manufactured?

Accepted Answer

A)  Economies of scale 
B)  Economies of scope 
C)  Law of diminishing returns 
D)  Law of supply and demand 
E)  Law of diminishing margins 
A)  Economies of scale 
B)  Economies of scope 
C)  Law of diminishing returns 
D)  Law of supply and demand 
E)  Law of diminishing margins

Air transportation remains a relatively inexpensive form of international distribution.

Which of the following describes the practice of loading flatbed trailers on rail cars for delivery on part of a distribution route,at which point they are transferred back to trucks for the balance of the delivery?

A document against payment refers to drafts in which a buyer agrees to pay the exporter by a certain time and the agreement must be signed before the buyer receives title to the goods.

Describe the various methods for direct exporting,including home-country-based and foreign-country-based activities.

The possession of unique assets that consumers want to purchase increases the potential for a company to make profits from exporting a product.

Types of utility associated with international distribution channels include place,time,possession,and communication.

The most secure financing document for exporters is a letter of credit.

Trade associations,governmental agencies,and port authorities are which of the following?

Which of the following is the simplest form of home-based direct exporting?

List and describe the roles of export merchants,trading companies,export commission houses,resident buyers,and brokers as they apply to international distribution activities.

Which type of store offers widely available,intensively distributed products to consumers?

Which of the following involves a producer or supplier being in charge of marketing to foreign buyers?

Economic order quantity:

Making sure a product is available when a consumer needs it provides which of the following types of utility?

Which of the following is not one of the major methods of transportation for international distribution that is discussed in the text?

Which country has the highest level of rail line availability?

Which of the following represent foreign buyers in a domestic market and act as purchasing agents for foreign companies?

A revocable letter of credit refers to a letter in which the importer bank can cancel or change terms of agreement without getting approval from all parties.

Which of the following identifies merchandise in a shipment?

Which of the following describes the decrease in per unit cost resulting from an increased number of products manufactured?

Introduction to International Marketing

Culture and Cross-Cultural Marketing

Global Trade and Integration

Country Selection and Entry Strategies

International Marketing Planning Organization and Control

Markets and Segmentation in an International Context

International Positioning

Market Research in the International Environment

International Product and Brand Marketing

International Product Standardization and Adaptation

International Pricing

International Marketing Channel Management

International Distribution: Exporting and Retailing

Globally Integrated Marketing Communications

International Sales Promotions and Public Relations

Filters

Exam 12: International Finance and Pricing Implications

Air transportation remains a relatively inexpensive form of international distribution.

Which of the following describes the practice of loading flatbed trailers on rail cars for delivery on part of a distribution route,at which point they are transferred back to trucks for the balance of the delivery?

A document against payment refers to drafts in which a buyer agrees to pay the exporter by a certain time and the agreement must be signed before the buyer receives title to the goods.

Describe the various methods for direct exporting,including home-country-based and foreign-country-based activities.

The possession of unique assets that consumers want to purchase increases the potential for a company to make profits from exporting a product.

Types of utility associated with international distribution channels include place,time,possession,and communication.

The most secure financing document for exporters is a letter of credit.

Trade associations,governmental agencies,and port authorities are which of the following?

Which of the following is the simplest form of home-based direct exporting?

List and describe the roles of export merchants,trading companies,export commission houses,resident buyers,and brokers as they apply to international distribution activities.

Which type of store offers widely available,intensively distributed products to consumers?

Which of the following involves a producer or supplier being in charge of marketing to foreign buyers?

Economic order quantity:

Making sure a product is available when a consumer needs it provides which of the following types of utility?

Which of the following is not one of the major methods of transportation for international distribution that is discussed in the text?

Which country has the highest level of rail line availability?

Which of the following represent foreign buyers in a domestic market and act as purchasing agents for foreign companies?

A revocable letter of credit refers to a letter in which the importer bank can cancel or change terms of agreement without getting approval from all parties.

Which of the following identifies merchandise in a shipment?

Which of the following describes the decrease in per unit cost resulting from an increased number of products manufactured?

Introduction to International Marketing

Culture and Cross-Cultural Marketing

Global Trade and Integration

Country Selection and Entry Strategies

International Marketing Planning Organization and Control

Markets and Segmentation in an International Context

International Positioning

Market Research in the International Environment

International Product and Brand Marketing

International Product Standardization and Adaptation

International Pricing

International Marketing Channel Management

International Distribution: Exporting and Retailing

Globally Integrated Marketing Communications

International Sales Promotions and Public Relations

Filters