Liberty BUSI 303 Chapter 14 Learnsmart Assignment Answers Complete Solutions
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A is a business tool provided by the U.S. Department of Commerce which provides the name, address and basic business information of potential distributors in foreign markets.
When considering the international marketplace, small and medium-sized firms tend to
Two Men and a Truck used to expand the size of its market and achieve economies of scale while at the same time minimizing the risk of foreign market entry.
A(n) acts as an export marketing or international department for their client firms.
occurs when a company agrees to purchase a certain amount of product back from a country to which a sale is made.
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It is the job of the to provide financing to facilitate exports, imports and the exchange of commodities between the U.S. and other countries.
A document signed by a carrier (a transporter of goods) or the carrier’s representative and issued to a consignor (the shipper of goods) that evidences the receipt of goods for shipment to a specified designation and person is a
Recent statistics from the Small Business Administration show that about of US firms with fewer than 500 employees are involved in exporting.
Brett’s Bicycle Shop has decided to export products to Finland without using a letter of credit. One way the shop can insure against payment default would be to
What type of company is normally used as a trusted intermediary for exporting situations?
Exports only account for a small percentage of US business for which two reasons?
In an exporting situation, the distance between the two parties and the language and culture barriers can lead to a lack of .
Kevin works at a company in Ohio and is in charge of researching available export opportunities. Which two organizations should he initially contact?
An exporter write a draft on the Bank of Italy to Compagna Inc. In this case, Compagna Inc is the
For a small fee, a company can receive a research survey on foreign major markets for a specific product. This is called a .
If an makes payment before shipment of a product, they risk receiving a defective product.
What two sources of assistance does the government provide to U.S. exporters to finance their export programs?
The International Trade Administration and the U.S. Commercial Service are both organizations found in the U.S. Department of .
What are two factors that lead to a lack of trust in an export transaction?
What is a disadvantage of relying on an export management company (EMC)?
Since the international market is significantly larger than the domestic market, exporting is nearly always a way to increase a company’s revenue.
What are three pitfalls associated with exporting?
Company ABC takes delivery of a product from a French company, Onui. Company ABC is having cash flow problems and doesn’t remit payment to Onui within the customary 30 days. This is a(n) faced by some exporters.
The Foreign Credit Insurance Association provides coverage against which two risks?
Company XYZ has an arrangement with Company Ohai in Argentina. XYZ has contributed funds to build 14 hemp processing farms. In return, Ohai agrees to supply XYZ with a certain amount of hemp for 15 years (as partial payment). This is an example of a(n) agreement.