Exam 14: Export and Import

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

In the U.S.,international trade is hampered by homeland security issues and delays.

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

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

The U.S.government has more than 10,000 tariff classifications and more than half of them are subject to interpretation.

A company classified as a small and medium-sized enterprise (SME)has fewer than 500 employees.

Exporting helps firms improve productivity by utilizing unused capacity and spreading research costs over more customers.

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?

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

Which of the following is typically true of an export management company?

A broker or other import consultant can help an importer minimize import duties by ________.

Which of the following best describes the concept of serendipity in exporting?

Which of the following is NOT one of the common ways that trade intermediaries are paid by exporters?

Which of the following statements about small and medium-sized enterprises (SMEs)is true?

Federal,state,and local governments that recognize the benefits of international trade,actively aid the efforts of potential and active exporters and ________.

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

What role does the customs agency of a government play?

Discuss the various ways a broker or other import consultant can help an importer minimize import duties.

According to the research described in your text,which of the following is among the factors that would increase a firm's probability 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.