Exam 16: Export and Import Management

___________________ risk refers to the chances that payment will not be made due to the importer's inability to obtain U.S.dollars and transfer them to the Exporter.

The _________________ acts as the export department to a small exporter or a large producer with small overseas sales.

_______________ is usually the first entry mode of entry used by many companies.

Three conditions are necessary for gray markets to develop.The conditions include: (a)Availability of products in other markets, (b)limited trade barriers,and (c) _______________________.

Exporting is the first mode of foreign entry used by many companies.

All of the following are possible payment terms for goods exported to another nation EXCEPT:

When attempting to identify an appropriate overseas market and an appropriate segment,consumer variables should be considered.All of the following Are consumer variables that should be considered EXCEPT:

With respect to direct exporting,the primary difference between a foreign sales subsidiary and a foreign sales branch is that the foreign sales branch:

The Japanese trading companies are known as:

The following characteristics (high set-up costs,higher credit risks,and higher customer loyalty)apply to which of the following forms of exporting?

Gray marketing is an illegal trade transaction.

INCOTERMS 2000 which went into effect from January 1,2000 and is an acronym for ____________________________,are the internationally accepted standard Definitions for the terms of sale by the International Chamber of Commerce.

As an aid to expanding information about world trade,increasingly,international marketing information is available in the form of ____________________.

The World Bank is a federally supported bank whose mission is to support the Ex-Im Bank.

Smuggling and black market activities are illegal global markets.

More than 90 percent of the world's trade is denominated in U.S.dollars.

In 2004,Exports represented about __________ percent of the U.S.GDP.

A(n)___________________ refers to the practice where U.S.firms that have an established export department assume,under a cooperative agreement,the Responsibility of exporting the products of other U.S.companies.

_______________ risk is the risk that the importer will not pay or fail to pay on the agreed terms.

_________________ exporting occurs when a manufacturer or exporter sells directly to an importer or buyer located in a foreign market.