Exam 8: Importing,exporting,and Sourcing

For every one yen increase relative to the American dollar,Canon's operating income declines by 6 billion yen.

An ad valorem duty is expressed as a percentage of the value of goods.

Foreign purchasing agents are also referred to as jobbers.

The Common Agricultural Policy (CAP)determines the level of subsidies granted to farmers in Latin America.

Restrictive administrative and technical regulations can create barriers to trade which may take all of the following forms except:

"Piggyback exporter," "cooperative exporter," and "export vendor" are all terms used to describe an export broker.

In general,the greater the distance between the product source and the target market,the greater the time delay for delivery and the lower the transportation cost.

Switzerland exports 51 percent of their GDP,compared to the United States which exports only 14 percent.

In his 2010 State of the Union address,U.S.President Barack Obama vowed to double U.S.exports by 2015.To this end,President Barack Obama created a National Export Initiative and established the President's Export Council.What is meant by export marketing and export selling?

Agricultural subsidies are particularly controversial because,although they protect the interests of farmers in some countries,they work to the detriment of farmers in countries such as:

After the aftermath of the tragedy involving fire in garment factories in Bangladesh,Walmart implemented a "zero-tolerance policy." The Workers Rights Consortium,International Labor Organization and other groups monitoring labor issues are stepping up pressure on the companies that participate in the global garment supply chain due to the following reasons,except:

Tariffs can be thought of as the "three R's" of global business: rules,rigor,and regulations of individual countries.

The four tigers-Singapore,South Korea,Taiwan and Hong Kong-learned from the Japanese experience and built strong export-based economies of their own.

Governments in Japan,Singapore,South Korea and China have supported exports for years which have tremendously helped their economies.Since exporting is a very important component of a country's business strategy,many government programs are offered that support exports.Describe ways by which governments can support exports.

What are some of the entities that an exporter should be familiar with? Describe and explain the role played by each of these entities,separating those that have responsibilities from exporters from those that have no responsibilities from the exporters.

Governmental actions that discourage imports and block market include all of the following except:

Outsourcing means shifting undesirable jobs or work assignments to another company to cut costs.When the outsourced work moves to another country,the terms "global outsourcing" or "offshoring" are used.

Research has shown that exporting is essentially a developmental process that proceeds in different stages.Before a firm reaches stage 4,it must do one of the following activities:

According to the recent import regulations in the United States,action figures that represent non-human creatures such as monsters or robots are categorized as toys and qualified for lower duties than human figures that are classified as dolls.

________ is an independent marketing intermediary that acts as the export department for two or more manufacturers whose product lines do not compete with each other.