Sidestep liquidity problems The inputs the company uses are cheaper. . This example fits into which category of pressures for local responsiveness? A. c. loss of control over quality B. a buyback d. the company risks losing control of its intellectual property Tres Chic uses the ___ model of international competition. C. inshoring Here's a list of the TEN important reasons on why you need to start exporting today: Increased Sales. In a barter system, if goods are exchanged simultaneously, one party ends up financing the other. E. it may involve the exchange of poor-quality goods that cannot be disposed of profitably. A _____ is issued to an exporter by a common carrier transporting the merchandise and it serves as a receipt, a contract, and a document of title. Which of the following is true of counterpurchase? A. C. Federal Trade Commission E. letter of credit, When a time draft is drawn on and accepted by a business firm, it is known as a(n) _____. These factors result in: E. It does not require the importer to pay any fee. Japan's great trading houses are referred to as _____. B. If so, which of the stadiums are c. the cost of development is high the value of the variable, year opened, from the current year. a. leads to increased prices b. anticorruption laws B. paying the draft amount immediately. In the United States, the _____ is the most comprehensive source of public assistance and information . International Trade Administration required the principal officers of PP Door to execute personal CT can support the development of poor countries e. rigid procedures, Companies that adopt the global model tend to base their global competitive strategy on Using host-country nationals at an overseas subsidiary is generally less expensive than using expatriates. Carnival estimates that its ships will sail for 30 years before they are retired. b. competiveness It protects exporters from the risk that the foreign importer will default on payment. D. They are departments in the Small Business Administration. A. corporate greed The sogo shosha of Japan: Offset c. it is the most expensive method of expanding globally e. global, The two strategic models that have relatively high manufacturing costs are A. asset for the drawee. e. Unilever, Which of the following models of organization structure depends heavily on communication and coordination between subsidiaries? d. transnational a. third-country nationals B. Export Legal Assistance Network This change is an example of D. Export Legal Assistance Network Your research and development budget could work harder as you can change existing products to suit new markets. b. aging population It states that the bank will pay a specified sum of money to a beneficiary on presentation of particular, specified documents. c. entering overseas markets 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. shortening production runs. Countertrade is most likely to be used when: D. It results in lower shipping costs. B. offset B. Mar 27, 2022 B. b. outsourcing D. a formal document for acknowledgement is not available. E. It is the direct exchange of goods without a cash transaction. d. China It is generally not preferred in international transactions. e. the system lowers manufacturing costs by eliminating duplication of effort, b. the parent company allows the subsidiaries to respond to local conditions, Companies that decentralize their operations throughout the globe in order to appeal to the varying tests and preferences of global consumers are utilizing a(n) _____ model D. Counterpurchase e. there are chances to lose quality control, e. there are chances to lose quality control, Which of the following methods of entering global competition runs the biggest risk of conflict between partners over who controls what? A. Department of Commerce E. letter of credit. Which of the following is true of an export management company (EMC)? e. cost considerations, One of the drawbacks of exporting is An official of the carrier gives the exporter a bill of lading. C. lack of trust E. export-import program, The _____ is a government organization that helps potential exporters. Which of the following is an advantage of export credit insurance? Advantage 1 of exporting You can make money from selling lots of different items. b. Australia B. D. The Bureau of Competition a. using validated screening criteria c. inadequate access to health benefits Door and its owner, Ping Ying Li. E. Deregulation, The direct exchange of goods and/or services between two parties without a cash transaction is referred to as _____. *i do have quizlet plus currently so i am not sure if the ability to export is only for plus users but worth a shot to try. Greater production can lead to larger economies of scale and better margins. E. Offset. D. Developing nations may have trouble raising the foreign exchange necessary to pay for imports. a. is less responsive to consumer tastes and demands e. transnational, Which of the following companies is an example of a transnational company? outliers? One advantage of exports is: Concentration of resources on production Companies with innovation-seeking strategic goals target countries and regions: Renowned for generating first-class innovators A green-field operation refers to: A wholly owned subsidiary created by building a new factory and offices from scratch d. the Association of Southeast Asian Nations B. a lack of trust between the parties. a. exporting d. franchising Firms can avoid setting up in-house trading departments. C. letter of credit D. The United States has not yet evolved an institutional structure for promoting exports similar to that of Germany. d. APEC E. Africa. Uncertain value proposition They are the great trading houses of the United States. D. time draft Disadvantage 1 of exporting When you buy goods and then sell them for less which is called a deficit. B. countertrade Federal Mediation and Conciliation Service B. Importing is also known as global sourcing. A. In an international transaction, a formal promise to pay is required before the buyer can obtain merchandise. (D) Tariffs and taxes, high transportation costs, government restrictions. When serving as collateral, the bill of lading: a) The advantages a business. E. bill of exchange. d. expatriation b. CAFTA-DR e. compassion, US business people working abroad may face ethical challenges, in particular because of cultural differences regarding It is unattractive to multinational companies due to its time-consuming and expensive nature. B. D. has fewer export opportunities. 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 D. Barter 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. e. licensee has lower production costs, a. licensee bears most of the costs and risks associated, A disadvantage of licensing is that the licensing company e. reducing costs, Which of the following entry modes do most manufacturing companies use to begin global expansion? c. local politics Advantages of exporting . C. can be used to obtain payment or a written promise of payment before the merchandise is released to the importer. D. It organizes trade events that help potential exporters make foreign contacts. It is primarily used with trading partners who are not creditworthy or trustworthy. B. the exporter has a letter of credit. It gives the exporter greater flexibility to choose the goods that it wishes to purchase. b. launching coordinated global attacks against competitors is easy e. Eastern Europe, What did the Maastricht Treaty establish? What is exporting? C. the importer has to pay for the merchandise even before receiving the documents. e. domestic, Which of the following is true of the multinational approach to international competition? a. vertical axis measures pressures for global integration and the horizontal axis measures pressures for local responsiveness c. Mexico a. differences in distribution channels B. single-party drafts and multi-party drafts. c. South America, the United States, and Central America A. Counterpurchase For an importer, which of the following is a disadvantage of using a letter of credit for international transactions? The Biden administration on Thursday approved exports of liquefied natural gas from the Alaska liquefied natural gas (LNG) project, a document showed, prompting criticism from environmental groups . E. Most exporters desire payment in a currency that is not convertible. a. it is consistent with a pure global strategy c. multinational E. barter. E. The Small Business Administration. It is the simplest countertrade arrangement. The Middle East B. she had paid the rent. A. Few companies invest more in equipment than Carnival Cruise Lines, the most popular cruise line in the world. Requires a single contract e. avoids criticism, Heinrich is a German engineer working in Africa. Which of the following is true of the export performance of the United States, Germany, and Japan? It requires an in-house trading department to be maintained, which can be expensive and time-consuming. For C. It reduces the importer's ability to borrow funds for other purposes. Selling goods and services to new markets offers a sales boost and enables long-term profitability. a. international Which of the following is an advantage of exporting? C. Counterpurchase Main advantages of direct exporting are as under: 1. C. the exporter is not able to get a letter of credit from a local bank. Type ^p in the find box, and a space in the replace box. Goodwill: Receiving payments on time is crucial for global businesses. b. third-level nationals c. subsidiaries located in countries where the company does business with much of the control exercised by the subsidiaries b. decreased scale volume True The most significant disadvantage concerning franchising is brand name recognition. Which of the following forms of countertrade is the country most likely to use? C. International Trade Administration B. carry trade E. 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