Exam 16: Export and Import Management

_________________ duties are assessed on imported merchandise sold to importers in the United States at a price that is less than the fair market value.

___________________ risk exists when the sale is in the importer's currency and that currency depreciates in terms of the dollar,leaving the exporter with a lesser Number of dollars.

A(n)_______________________ is a payment form where a cash payment occurs when the order is placed.

All of the following are common types of export representatives in the United States EXCEPT:

When import duties are paid,the _________________ duty is a combination of a specified amount of the per unit weight or other quantity of the merchandise plus An ad valorem rate.

Conducting export research on China and Russia would best be done by:

A shipment that is held by the importer until the merchandise has been sold is called:

If goods enter a ________________,they can be re-exported anytime (up to five years)without payment of duty.

For a firm beginning exports for the first time,the first step is to use available primary data.

A(n)_________________________ is a contract between the exporter and the shipper indicating that the shipper has accepted responsibility for the goods and Will provide transportation in return for payment.

Which of the following is an example of a large trading company?

Indicate the factors that a prospective exporter might examine to choose an export market.

INCOTERMS is an acronym for _____________________________________.

Another name for gray market channels is _________________.

_________________ exporting involves the use of independent U.S.middlemen to market the firm's products overseas.

One of the biggest advantages the United States has in importing is that U.S. companies can:

The main emphasis of the Ex-Im Bank's lending practices today is in the area of:

When a shipment reaches the United States,the consignee (usually the importer)will file ______________ with the port director at the port of entry.

When independent U.S.middlemen market a firm's goods in an overseas market, they are called ______________________.They market through their own network Of foreign distributors and their own sales force.

Brand reputation is a critical element in _________________ products.