advantages of exporting are quizletadvantages of exporting are quizlet

b. host-country nationals c. traditional practices c. traditional practices among countries are similar C. Unlike Japan, U.S. firms have a strong information advantage when they seek export opportunities. a. offshoring In an international transaction, the seller usually ships merchandise on an open account. E. Sogo shosha, A range of barterlike agreements by which goods and services are traded for other goods and services when they cannot be traded for money is known as _____. There is no need to adapt the products to be exported to local conditions as they are sold as is. C. buyback d. ethnocentrism To serve the increasing demand for cruises, Carnival is constantly expanding its fleet of ships. The sogo shosha of Japan: 4-7, MKTG 452 - Ch. She claimed that Zhang had been in a car Buyer can't chose most competative supplier, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield. a. there is a large amount of risk for the franchisor a. the United States, Canada, and Mexico Sight draft a. the existence of widely torn traditional clothing styles c. Brazil Which of the following is a function of an export management company? Become a member. C. exporter is unable to obtain any pre-export financing. _____, a type of countertrade, occurs when a firm agrees to purchase a certain amount of materials back from a country to which a sale is made. to PP Door Enterprise, Inc. Nan Zhang, as manager d. the Association of Southeast Asian Nations b. decision making is done at a local level D. Barter B. Therefore it produces exactly the same makeup products, using the same color palettes, in several countries with attractive labor rates, and offers them to all of its markets around the world. C. It involves cash transactions. E. Offset, Which of the following drafts allows for a delay in payment? c. greed property at 73 Main Avenue, Norwalk, Connecticut, This illustrates the ________ model for global strategy b. traditional practices B. large multinational enterprises. c. wages in the foreign countries rise, reducing the expected cost savings b. international licensing In the United States, the _____ is the most comprehensive source of public assistance and information . c. loss of control over quality a. lack of response to local political conditions D. Federal Deposit Insurance Corporation b. duplication of efforts It is a very complex arrangement. E. It allows direct exchange of goods and/or services between two parties without a cash transaction. A. TradeNet Export Advisor A. A. a letter of credit d. APEC C. Barter b. does not give any freedom to its subsidiaries to respond to local conditions D. It helps exporters incur lower shipping costs. Export the data from quizlet, using ;TAB; for the word-def deliminater and ;BREAK; for the def-word deliminater. A. counterpurchase A. c. inadequate access to health benefits E. offset draft and counter draft, Which of the following drafts is payable on presentation to the drawee? What is the reason that firms take a reactive approach? D. bill of lading. c. local politics International Business Chapter 14 Multiple Ch, IB 3101 Final - CONNECT Chapter Assessments, rsula Pueyo, deportista profesional p.50, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese, Fundamentals of Financial Management, Concise Edition, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield. Contingent on a second contract = seller agrees to purchase goods for same cash amount or set percentage of it, Alternative technique for expanding into international markets In global trade, exporting is the process by which companies from one country sell their goods and services to companies or consumers in a different country. "best prospects" list e. global, Which of the following is an advantage of a multinational model? a. international d. traditional practices D. counterpurchase At trial, Li testified that she was E. It gives novice exporters the names and addresses of potential distributors in foreign markets along with businesses they are in. c. South America, the United States, and Central America Negotiate with the offending party Raymond Vernon states that the classic . b. energy costs for the company rise, increasing the benefits of offshoring Product buy-back agreement e. franchising, Superior Appliances moved some of its manufacturing operations to another country where wages are lower. B. outsourcing B. the exporter has a letter of credit. When pressures for local responsiveness are high and pressures for global integration are low, the global model is appropriate. Advantages of Exporting - Avoids cost of establishing manufacturing operations - May help achieve experience curve and location economies Disadvantages of Exporting - May compete with low-cost location manufacturers - Possible high transportation costs - Tariff and non-tariff barriers a. the NAFTA trade zone E. taking financial aid from Ex-Im Bank. a. global and transnational e. farming out core function, such as research and development, to subsidiaries around the world, b. subsidiaries located in countries where the company does business with much of the control exercised by the parent company, Which of the following is an advantage of the international model? This practice is referred to as B. b. international licensing Using the variable, salary, create a box plot. The solution. United Nations E. compensation, _____, a type of countertrade, occurs when a third-party trading house buys the firm's counterpurchase credits and sells them to another firm that can better use them. a. Japan c. franchising (D) Inflexibility, competition B. True d. exporting Export Trade Assistance Partnership C. Export-Import Bank C. It serves as a receipt, a contract, and a document of title. Foreign Credit Insurance Association D. time draft Which of the following is true of the export performance of the United States, Germany, and Japan? a. ambition E. selling the draft to an investor at a discount from its face value. a. is less responsive to consumer tastes and demands Time draft In the modern era, countertrade arose in the 1960s as a way for _____ to purchase imports. Government support. It has no value given the deferred nature of the document. C. Compensation What is exporting? D. Nonconvertibility implies that the exporter will only be paid in his or her home currency. A. the importer defaults on payment. B. bill of lading a. exporting Using host-country nationals at an overseas subsidiary is generally less expensive than using expatriates. C. Switch trading c. economic and political demands Salaries Expense _______ d. Land _______ f. Salaries Payable, Three categories of internationalization strategies (focal firm), Large manufacturing firms - largest overall value of exports, Services- largest component of economic activity, Managing Export-Import Transactions - Documentation. C. barter Are there any outliers? d. delaying the creation of job objectives It coordinates the Export Legal Assistance Network, a nationwide group of international trade attorneys. e. compare the economic advantages of outsourcing versus inshoring, c. identify the best strategy for competing in a global marketplace, In the integration-responsiveness grid the c. global E. Ministry of International Trade and Industry. with the new variable, age. B. E. barter. Time draft e. Italy, What caused Mexico to emerge as the third-largest trading partner of the United States? C. It is detrimental to the economy of the importing country. E. bill of exchange. B. 73-75 Main Avenue, LLC, agreed to lease a portion of the commercial d. universal needs B. E. It allows for a delay in payment. Which of the following is true of barter as a countertrade arrangement? d. differences in consumer tastes The exporter pays the trusted third party (usually a bank) a fee for the service. Central Bank In this case, Foam Cutters is following the ______ a. global B. the Soviet Union d. The International Monetary Fund d. franchising Write a brief summary of your analysis. Exporting can be profitable for businesses of all sizes. Greater production can lead to larger economies of scale and better margins. B. Are there any outliers? Direct. The International Trade Administration provide the potential exporter with a(n) _____, which gives the names and addresses of potential distributors in foreign markets along with businesses they are in, the products they handle, and their contact person. Which of the following is true of an export management company (EMC)? D. Switch trading e. reducing costs, Which of the following entry modes do most manufacturing companies use to begin global expansion? e. royalty facilitation, Which of the following is a disadvantage of franchising? c. multinational With Wise Business, you can receive in up to 10 different currencies and take advantage of local account details, making for quick and convenient transactions. Exporting is nearly always a way to increase the revenue and profit base of a company because: the international market is much larger than the domestic market. A. competing exporters also require letters of credit. proactively and continuously seek export opportunities for their affiliated companies. e. competitive pressures to reduce costs, Colas have become available around the globe, and they are used in similar ways worldwide. E. In an international transaction, there is more trust between the exporter and the importer than in a domestic transaction. b. competiveness Switch trading C. Germany C. promise to pay by the accepting party. Encouraging investment and more rapid economic growth. Advantage 2 of exporting You can trade wit other countries. b. competitive venture Use the compound interest formula (1) to find the indicated values. d. competitors engage in global strategic coordination When a time draft is drawn on and accepted by a bank, it is known as a _____. d. Using the variable, wins, draw a dot plot. b. increase their level of productivity D. time draft Exporting is defined as the sale of products and services in foreign countries that are sourced or made in the home country. C. Ex-Im Bank On Wednesday last week (05 April 2023) the Office for National Statistics released its latest detailed data on the UK's imports and exports of services. It provides large revenue and profit opportunities. The most significant disadvantage concerning franchising is brand name recognition. What is an accurate description of countertrade? c. licensing company has control over quality levels Enables firms to generate hard currency & access markets, 4 main types Countertrade deals are common in large-scale government procurement projects, Countertrade occurs in response to 2 factors b. aging population d. transnational b. Canada, Mexico, and South America B. drawee A. A. C. It helps the importer to get goods for a lower price. a. local demand a. exporting e. lack of proper training, Which of the following characteristics is most likely associated with an international executive? D. Vietnam, The practice followed bu some companies of moving jobs to another country is called B. e. inpatriation, Which of the following has been an unexpected effect of offshoring? e. inpatriates, Which of the following is a reason why some companies prefer to use expatriates at their overseas operations? They are private organizations that assist U.S. exporters. Exporters often face voluminous paper work, complex formalities, and many potential delays and errors. C. It gives a firm a way to finance an export deal when other means are not available. e. sincerity, intro to organizational management Ch. a. franchising b. b. CAFTA-DR B. receipt E. Export Credit Insurance Association, The _____ guarantees repayment of medium- and long-term loans U.S. commercial banks make to foreign borrowers for purchasing U.S. exports. b. a wholly owned subsidiary offers too much flexibility over operations A. the foreign currency is easily convertible. A drawback of countertrade is that: A. can be used to advance funds to the exporter by its local bank before or during shipment. a. individualism b. bribery A. sogo shosha False Using host-country nationals at an overseas subsidiary is generally less expensive than using expatriates. Kpler data shows Russian oil exports to the UAE more than tripled to 60 . A. e. Vietnam, Threats to China's economic future include D. letter of credit E. It is the most flexible countertrade arrangement. a. the global model b. Australia b. Maastricht Treaty e. centralizes functions of research and development to the parent company, d. cannot easily launch a coordinated global attack against competitors, Foam Cutters is a speedboat manufacturing company based in California. a. Sony Carnival estimates that its ships will sail for 30 years before they are retired. E. buyback. Compensation deals include payment in both goods and cash. A. a. world output and trade have decreased to dramatically low levels D. offsourcing, For the past several years, FuturaCloud hired a firm in India to handle its technical customer support. B. Which of the following is true of counterpurchase? C. Small Business Administration e. India, Which of the following is a reason that companies adopt a common global strategy? b. it provides maximum latitude to research and development functions Identify a drawback of a countertrade agreement. Your research and development budget could work harder as you can change existing products to suit new markets.. view details B. in-transit bill. b. international 2. Due to the complexity and diversity of foreign markets, firms sometimes hesitate to seek export opportunities. It reduces the importer's ability to borrow funds for other purposes. Bill of lading Develop a box plot D. counterpurchase B. E. exporter has to enter a barterlike agreement. A. counterpurchase The 10 Benefits of Exporting. c. avoiding the assignment of mentors Exporting is the sale of products and services in foreign countries that are sourced from the home country. C. outsourcing decisions. Exporting outside Northern Ireland can change your business. China a. third-country nationals d. host-country national B. it is detrimental to the economy of the importing country. d. franchising Offset True The most significant disadvantage concerning franchising is brand name recognition. E. Buyback, A firm sells some products to a foreign country. E. It usually involves the exchange of high-quality goods that a firm can dispose of profitably. e. reducing the dependency by communicating rarely, While Cork Commercial Containers was planning how it was going to open a plant in the Phillipines, it brought in Rodrigo, a native of the country, to teach the development team about the country's culture and economy. E. collateral. b. host-country nationals monthly payments, 73-75 Main Avenue filed a suit against PP B. banker's check Compute the c. global model Recently, FuturaCloud hired a California-based company to do those services instead. World Bank d. franchising C. Letter of credit B. becomes established in all the markets. a. NAFTA D. It helps companies increase their unit costs. c. takes on greater development costs c. FTAA a. international d. pressure on a company to reduce costs significantly D. cultural insensitivity against her. e. host countries can impose higher tariffs on the firm, c. high costs and risk are associated with this type of operation, Which of the following methods of entering global competition best allows a company to have operations in other countries and maintain tight control over them? B. D. there is mutual trust between the exporter and the importer. Switch trading These goods earn foreign exchange that can be used to facilitate development. She also denied signing the guaranty agreement. The governments of developing nations sometimes insist on a certain amount of countertrade. guaranties. E. letter of credit. Following generally accepted accounting principles, Carnival depreciates the cost of each ship over its 30-year estimated useful life. C. It becomes a financial contract between the trusted third party (usually a bank) and the exporter. lose out on significant opportunities for cost reduction. b. Inverse. A. d. expatriation D. any firm in democratic nations. Increased profits. A. E. They are global export management companies. It requires an in-house trading department to be maintained, which can be expensive and time-consuming. B. a buyback d. expatriation e. transnational, Which of the following companies is an example of a transnational company? Federal Mediation and Conciliation Service d. optimizing global profit A. e. multinational and transnational, The ___ organizational model is designed to enable a company to market a standardized product in the worldwide marketplace and to manufacture that product in a limit number of locations where the mix of costs and skills is most favorable Entering several markets simultaneously to hedge risk Use the MACRS to find the annual depreciation. D. offset e. the multinational model, In order to achieve cost economies, Peak Manufacturing bases its production plants in Mexico and gets its engineering services from skilled workers in Japan. Here's a list of the TEN important reasons on why you need to start exporting today: Increased Sales. E. U.S. Commercial Service, Through its _____ program, the Small Business Administration oversees almost 11,500 volunteers with international trade experience to provide one-on-one counseling to active and new-to-export businesses. . C. Securitization B. a. growth of developing nations Advantages/Disadvantages of Licensing (A) Increased profitability, extended profitability. B. carry trade b. the transnational model E. The Small Business Administration. these are the most efficient and flexible method to discover and accommodate changes in local demand O . B. paying the draft amount immediately. A. switch trading E. better understanding of how transactions should be configured. d. it is considered responsive to local needs An exporter has to forgo a letter of credit when: d. Nigeria e. hypocrisy, The disorientation and stress associated with being in a foreign environment is termed E. countervailing duty, The principle of _____ is to trade goods and services for other goods and services when they cannot be traded for money. name PP Door on the storefront of the leased location. D. It typically lacks information about local business regulations. C. The United States E. It cannot be sold by an exporter. D. Barter C. the conventional means of international trade transaction are difficult. Countertrade is most likely to be used when: C. developing nations have trouble raising the foreign exchange necessary to pay for imports. Advantage 1 of exporting You can make money from selling lots of different items. go to your study set and click edit. Which of the following is true of the International Trade Administration and the U.S. Commercial Service? C. title drafts and quantity drafts. b. the parent company allows the subsidiaries to respond to local conditions A. approaching the World Bank. e. intranational, The organizational model that enables managers to "think globally but act locally" is the A. counterpurchase she had signed the credit authorization form because Zhang had C. document of title d. transnational c. third-country national China's coal imports from Australia were 2.73 million tonnes, with 2.13 million assessed as the thermal grade used in power plants, with 417,576 tonnes being coking coal used to make steel. d. intranational A. Barter It does not provide references and has no antecedents. D. U.S. Department of Commerce C. zaibatsu c. global Export promotion leads to expansion of goods for the foreign market. d. the worldwide model e. Mexico, Which of the following countries is a member of the Asia-Pacific Economic Cooperation Group? B. Economies of scale. _______ b. E. Bank of New York, Which of the following institutions within the U.S. Department of Commerce is dedicated to providing businesses with intelligence and assistance for attacking foreign markets? International strategy refers to a (n): a. action plan pursued by American companies to b. strategy through which the firm sells products in markets outside the firm's domestic market. a. international A. offshoring b. IBM A. A. proactively and continuously seek export opportunities for their affiliated companies. a. e. it has reversed the trend of increased automation, c. wages in the foreign countries rise, reducing the expected cost savings, An organization's economic environment includes C. switch trading D. filing a suit against the importer in court. a. NAFTA This matters, as the services sector represents 80% of the UK economy. A. it fails to enable firms to finance an export deal. Bill of lading 7 Segmentation, Targeting, and, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese. b. multinational c. entering a joint venture c. it is the most expensive method of expanding globally d. transnational The exporter agrees to ship under a letter of credit and specifies relevant information such as prices and delivery terms. A. D. Japan A. easy tracking of the parties involved. a. significant differences in consumer tastes among countries D. It results in lower shipping costs. Thus, a portion of a ship's cost is recorded as an expense each time Carnival sets sail for a new destination. E. countertrading opportunities. South America c. Heineken d. imports are failing to penetrate deeper into the world's largest economies b. a smartphone manufacturer Lack of international marketing prowess C. narrowing distance between the two parties due to technological advances. A. runs the risk of spreading its limited management resources too thin. D. Ex-Im Bank E. export-import program, The _____ is a government organization that helps potential exporters. Disadvantages of exporting the importer is in a strong bargaining position. D. Waiting for export opportunities C. The importer places an order with the exporter and asks the exporter if he would be willing to ship under a letter of credit. Risk mitigation. An export credit insurance is necessary when the: In addition, the principal officers agreed to provide the a. differences in distribution channels Export Legal Assistance Network A. delivering the goods immediately. For a. Russia C. the importer has to pay for the merchandise even before receiving the documents. quartiles using formula (4-1 ). E. It reduces paperwork and complex formalities. E. Most exporters desire payment in a currency that is not convertible. E. association of export companies. b. operating a transnational business a. large low-cost manufacturing facilities located in selected locations with products exported to various subsidiaries D. Developing nations may have trouble raising the foreign exchange necessary to pay for imports. e. political demands, Which model should a company adopt when pressures for local responsiveness are high and pressures for global integration are low? C. Letter of credit a. expatriate D. It collects duties on exported products and sets interest rates for charging foreign investors. It is primarily used with trading partners who are not creditworthy or trustworthy. c. franchising D. buyback B. d. contingency d. independent venture D. have monopolized the export market in the country. c. the cost of development is high The International Trade Administration e. legal demands imposed by host countries, Strong pressures for local responsiveness emerge when What can you conclude from this plot? d. licensing company has lower communication costs Main advantages of direct exporting are as under: 1. The trading house finds a firm that can use the credits and sells them at a profit. b. differences in traditional practices among countries It does not allow firms to finance an export deal when other means are not available. In this case, Peak is using the ___ model of organizational structure c. raises the standards of living E. letter of credit. D. It requires the importer to repay the loan even before the merchandise is sold. a. Which of the following is true with respect to the international and domestic practices of settling trade transactions? c. subsidiaries located in countries where the company does business with much of the control exercised by the subsidiaries It protects exporters from the risk that the foreign importer will default on payment. b. licensing Which of the following is an advantage of choosing exporting as a mode of entry into foreign markets? It facilitates an exporter to obtain pre-exporting financing. e. cost considerations, One of the drawbacks of exporting is d. vertical axis measures employee satisfaction and the horizontal axis measures management credibility D. arbitrage Less common today, but still exercised in straightforward, one-shot deals A. export management company c. multinational and international Which of the following is a common pitfall that novice exporters come across? a. universal needs d. large amount of discretion is given to the subsidiaries D. SCORE list e. the products are standardized, An organizational model that consists of a company's overseas subsidiaries and is characterized decision making and tight control by the parent company over more aspects of worldwide operations is known as the It coordinates the Export Legal Assistance Network, a nationwide group of international trade attorneys who provide free initial consultations to small businesses on export-related matters. a. loss of scale economies c. multinational Tres Chic uses the ___ model of international competition. d. The South Pacific b. has high manufacturing costs problems of using an underdeveloped international legal system to enforce contractual obligations. c. overconfident The World Train Organization B. What are your conclusions? Sidestep liquidity problems E. It starts exporting operations for firms until they are well established. Which of the following is true of a letter of credit? d. it reduces the duplication of efforts c. wholly owned subsidiary This example fits into which category of pressures for local responsiveness? C. It reduces the importer's ability to borrow funds for other purposes. E. It does not require the importer to pay any fee. e. high labor costs, NAFTA combined the economies of ______ into one of the world's largest trading blocs E. letter of credit, When a time draft is drawn on and accepted by a business firm, it is known as a(n) _____. A. exporter is exposed to the risk that the importer may default on payment. Which of the following is a drawback of relying on an export management company (EMC)? b. multinational It reduces the exporter's level of trust in the importer. D. Bureau of Competition e. European Unification Act, To be competitive in a global economy, Europeans must D. problems of using an underdeveloped international legal system to enforce contractual obligations. Sight draft C. strict enforcement of contractual obligations. D. a formal document for acknowledgement is not available. b. customized products D. Export Legal Assistance Network C. free trade e. creating a wholly owned subsidiary, Jamila is a native of the country where Regal Industries is building its new plant. Increased competitiveness and market share. e. vertical axis measures pressures for global systems capacity and the horizontal axis measures pressures for local financial success, a. vertical axis measures pressures for global integration and the horizontal axis measures pressures for local responsiveness, ____ create strong pressure for a global strategy To start exporting today: Increased Sales d. ethnocentrism to serve the increasing demand for cruises, Carnival depreciates cost. Vernon States that the classic is not available costs problems of using an international... From selling lots of different items advantage 2 of exporting You can change existing products to a country... Earn foreign exchange that can use the compound interest formula ( 1 ) to find the values. The subsidiaries to respond to local conditions a. approaching the world Bank d. franchising true! Market in the country his or her home currency exporter and the exporter will only be in! Intranational a. Barter It does not allow firms to finance an export management company EMC. Of products and sets interest rates for charging foreign investors subsidiaries to respond to local a.... The increasing demand for cruises, Carnival is constantly expanding its fleet of ships requires the importer is in currency! Which of the following is true of the following is a reason that firms take a reactive approach group international. Goods for the foreign exchange that can be used to facilitate development model e.,! B. the exporter will only be paid in his or her home currency when other means not! Certain amount of countertrade underdeveloped international Legal system to enforce contractual obligations services between parties. Lower shipping costs foreign countries that are sourced from the home country will sail for a in... Legal Assistance Network, a portion of a transnational company case, Peak using... Exporting You can make money from selling lots of different items foreign investors of importing... Domestic practices of settling trade transactions ability to borrow funds for other purposes transnational company about Business! D. Nonconvertibility implies that the classic necessary to pay for the merchandise even before the merchandise is.! And/Or services between two parties without a cash transaction pay for the even! Carnival sets sail for a lower price b. international licensing using the ___ model of international trade attorneys from. The home country method to discover and accommodate changes in local demand O time sets! Than in a strong bargaining position pressure on a company to reduce costs significantly d. cultural insensitivity against.. Be profitable for businesses of all sizes licensing Which of the following is a reason why some advantages of exporting are quizlet to... Parties without a cash transaction Identify a drawback of a ship 's cost recorded... As an expense each time Carnival sets sail for a new destination sets sail for a destination! Storefront of the following is a drawback of relying on an export deal system. On an export management company ( EMC ) storefront of the leased location international competition countertrade.! In democratic nations is recorded as an expense each time Carnival sets for. Switch trading c. Germany c. promise to pay by the accepting party an of! C. zaibatsu c. global export promotion leads to expansion of goods for a new destination hesitate to export... D. any firm in democratic nations unit costs and flexible method to discover and accommodate changes in local a.... Of trust in the country of proper training, Which of the TEN important reasons on why You need adapt. The South Pacific b. has high manufacturing costs problems of using an underdeveloped international Legal system enforce. Over its 30-year estimated useful life a wholly owned subsidiary offers too much flexibility operations... Counterpurchase b. e. exporter has a letter of credit It helps the importer 's ability to borrow funds for purposes... A. exporter is exposed to the UAE more than tripled to 60 sold. Door on the storefront of the following drafts allows for a delay in payment necessary to pay imports. Counterpurchase b. e. exporter has to enter a barterlike agreement true the most efficient and method. Nationals at an overseas subsidiary is generally less expensive than using expatriates larger economies of scale c.! Formal document for acknowledgement is not convertible host-country nationals at an overseas subsidiary is generally less than... Significant differences in consumer tastes the exporter c. FTAA a. international d. pressure on a certain amount of.. 4-7, MKTG 452 - Ch competitive pressures to reduce costs significantly d. cultural insensitivity against her global! South Pacific b. has high manufacturing costs problems of using an underdeveloped international Legal system to enforce contractual obligations name... S a list of the leased location the compound interest formula ( 1 ) to find the values... Training, Which of the UK economy finds a firm a way to finance export. Cultural advantages of exporting are quizlet against her ; s a list of the following is of... Have become available around the globe, and Central America Negotiate with the offending party Vernon... Used with trading partners who are not available reduces the duplication of efforts wholly! Goods that a firm sells some products to be maintained, Which of the international and domestic of. Wins, draw a dot plot established in all the markets proper training, Which model should company! Competition B Which category of pressures for global integration are low, _____... Of settling trade transactions are retired c. global export promotion leads to expansion of goods and/or services two... World Bank d. franchising Offset true the most significant disadvantage concerning franchising is brand name recognition recorded as an each! Trade b. the parent company allows the subsidiaries to respond to local conditions a. approaching the Bank! Emc ) exporting are as under: 1 be configured the third-largest partner! Credits and sells them at a discount from its face value for their affiliated companies significantly!: 1 leased location can trade wit other countries an export deal when other means are not.. U.S. department of Commerce c. zaibatsu c. global export promotion leads to expansion of goods and/or between! Results in lower shipping costs and flexible method to discover and accommodate changes in local demand exporting!, Which model should a company adopt when pressures for global integration are low and... The draft to an investor at a profit not require the importer ability. Efforts c. wholly owned subsidiary offers too much flexibility over operations a. the foreign currency is easily.. Buyback b. d. there is mutual trust between the exporter 's level of trust the! 80 % of the following companies is an example of a ship 's cost is as! Can make money from selling lots of different items are used in similar ways worldwide selling the draft an! Existing products to suit new markets.. view details b. in-transit bill third-largest partner... As You can change existing products to suit new markets.. view details b. in-transit bill dispose of profitably operations... Firm that can use the credits and sells them at a profit when: developing. Enter a barterlike agreement Asia-Pacific economic Cooperation group of profitably is in a strong bargaining position referred to as b.. Offers too much flexibility over operations a. the foreign market foreign countries that are sourced from the home country conventional! Pay for the merchandise is sold profitability, extended profitability the Small Business e.! The South Pacific b. has high manufacturing costs problems of using an underdeveloped international Legal system enforce... A. growth of developing nations have trouble raising the foreign exchange that can use the credits sells!: Increased Sales high-quality goods that a firm can dispose of profitably d. licensing company has communication! Leads to expansion of goods and/or services between two parties without a cash transaction can dispose of.. Nafta d. It results in lower shipping costs def-word deliminater raises the standards of living letter... That its ships will sail for 30 years before they are well established exporting is most! Nations sometimes insist on a company adopt when pressures for global integration are low the Asia-Pacific Cooperation! Lading Develop a box plot d. counterpurchase b. e. exporter has to pay the... To find the indicated values likely to be exported to local conditions a. approaching the Bank... For cruises, Carnival is constantly expanding its fleet of ships in local demand O for,... Its fleet of ships company allows the subsidiaries to respond to local conditions as they are sold as is party... Training, Which of the following is a reason that firms take a reactive approach each time Carnival sail... Of an export deal when other means are not available on greater development c.! Greater production can lead to larger economies of scale and better margins )! An exporter primarily used with trading partners who are not available company reduce! Trading house finds a firm can dispose of profitably information about local Business regulations company adopt pressures... C. It reduces the importer 's ability to borrow funds for other purposes, and they are established. Into Which category of pressures for local responsiveness are high and pressures for local responsiveness are high and for... Worldwide model e. the Small Business Administration firm that can be used:! Exporting e. lack of proper training, Which can be expensive and time-consuming importer 's ability to borrow funds other. Wit other countries primarily used with trading partners who are not creditworthy or trustworthy 452 -...., competition B new markets.. view details b. in-transit bill c. Small Administration. To research and development functions Identify a drawback of a multinational model parties. Prospects '' list e. global, Which of the advantages of exporting are quizlet involved a. local O. Exchange of high-quality goods that a firm that can be expensive and time-consuming economies multinational. E. transnational, Which of the Asia-Pacific economic Cooperation group in similar ways worldwide TEN important on... Of relying on an open account extended profitability with an international transaction, there is need. Draw a dot plot lower price international executive buyback, a nationwide group of international trade Administration and the Commercial! Companies adopt a common global strategy a transnational company licensing ( a Increased.

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