Exam 14: Export and Import

Which of the following is a difference between export management companies (EMCs)and export trading companies (ETCs)?

An arbitrageur is an exporter that seeks to conduct countertrade in emerging markets.

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

In conducting ________,a business sells goods directly to or through an independent domestic intermediary in the exporter's home country that exports the products to foreign markets.

In what is known as direct exporting,the exporter sells goods directly to or through an independent domestic intermediary in the exporter's home country that then exports the products to foreign markets.

Countertrade is an efficient way of doing business.

Meade Clocks has hired an intermediary to manage its export activity.Meade should most likely expect ________.

Fair Day Paper Products is a family-owned start up that imports bamboo paper from China to make custom greeting cards.The firm has experienced many problems in receiving the supplies from China; recurring problems include lost shipments,delays,and damaged products.Fair Day would most likely benefit by enlisting the help provided by which of the following?

Morris Lighting is a U.S.firm that wants to start exporting its high-end lighting fixtures to foreign markets.Morris Lighting should seek assistance from U.S.government agencies for all of the following EXCEPT ________.

Which of the following is usually NOT a factor that triggers companies to look to exports to boost total sales?

According to the text,technological advances such as e-mail and VoIP have increased the appeal of international trade because it is now easy and inexpensive to manage customer needs and communicate with customers frequently.

The basis for designing an effective export strategy most likely begins with ________.

As described in the opening case,SpinCent's CEO analyzed foreign markets,assessed industries,prepped his company,traveled overseas,and hired trustworthy distributors.SpinCent manages the export process including making and marketing its products for foreign buyers.The nature of these activities shows that the leadership of SpinCent is committing the company to ________.

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

The foreign freight forwarder is the largest export intermediary in terms of value and weight of products managed.

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

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

What is the most likely reason that firms avoid aggressively seeking export opportunities?

"Born global" firms are those that step straight onto the world stage,making exporting the primary goal of the firm from day one of operations.

Smithson Pottery is considered a regular exporter because the firm fills unsolicited orders from foreign buyers and passively investigates international trade options.