Exam 16: Export and Import Management

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

Pick three (3)of the options available to exporters when it comes to terms of payment.Explain each of the options available based on your choice.

Which of the following countries is the largest participant in database growth?

A(n)_______________________ is a bill for the goods stating basic information about the transaction,including a description of the merchandise,total cost of the Goods sold,addresses of the buyer and seller,and delivery and payment.

The _____________________ is someone who brings together an overseas buyer and a U.S.manufacturer for the purpose of an export sale and earns a commission For establishing a contact that results in a sale.

In the U.S. ,______________________ allows exporters to file export information at no cost over the Internet.

A standardized product is not the easiest to sell abroad.

In 2004,an estimated _______________ American jobs depended on international t trade and export expansion.

A(n)__________________ is a payment form where a shipment is held by the importer until the merchandise has been sold,at which time payment is made to the Exporter.

In the U.S. ,the Automated Export System (AES)enables exporters to file import information at no cost over the Internet.

Data for grouping along macroeconomic criteria are available from international agencies such as:

Describe gray markets.Explain how they develop.Describe your feelings about buying from a gray market.

The CEM stands for:

The _________________ buys and sells on their own accounts and assumes all the responsibilities of exporting a product.Manufacturers do not control sales activities.

A(n)________________________ is a payment form where a draft is so drawn as to be payable on presentation to the drawee (usually the buyer).

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

Exports from the United States do not require an export license.

The Japan External Trade Organization (JETRO)which helps foreign businesses to export to Japan is affiliated with Japan's _____________________________.

All exports from the United States (except to Canada and U.S.territories)require a(n)_____________________.

___________________ is the most popular way for many companies to become international.