MasterDolphinPerson944
QUESTION 1 What is a foreign trade zone? How does it differ from a…
QUESTION 1
What is a foreign trade zone? How does it differ from a free trade zone?
QUESTION 5
Managers generally mention three areas in which they lack knowledge related to exporting, including identification of foreign markets, export procedures, and
identifying international distributors.
identifying international agents.
payment and financing procedures.
hiring a customs broker.
QUESTION 6
What private sector organization is active in 92 countries and provides networking opportunities and an online trading system?
Small Business Administration
Global Markets Unit
World Trade Centers Association
U.S Department of Commerce
QUESTION 7
FOB (free on board) means that
the seller pays for carriage to the named place and assumes all risk until the goods are unloaded.
the seller pays cost of freight to bring goods to the destination port, but not insurance.
the cost and risk transfer to the seller at the ship’s rail.
the seller loads the goods on board the ship identified by the buyer and clears them for export, and both the cost and the risk then transfer to the buyer.
QUESTION 8
A company has been able to forecast the potential growth of its products in the Latin American market based on the pattern of growth rates its products have shown in the past. What is the company using to make these forecasts?
market factors
basic needs potential
trend analysis
cluster analysis
QUESTION 9
The first step in the process of strategic planning is to analyze the company’s ________ environment.
QUESTION 10
What is the analyst mostly concerned with during the second screening?
trends in inflation, interest rates, exchange rates
market growth
banking legislation and regulation
consumer profile
QUESTION 11
A clear, concise description of the fundamental beliefs and priorities expected of the organization’s members, reflecting how they are to behave with each other and with the company’s customers, suppliers, and other members of the global community is known as a
strategic plan.
vision statement.
mission statement.
values statement.
QUESTION 12
A manufacturing company decided not to conduct business in some parts of South America after it learned that governments hold all imports for up to 18 months before releasing to the importing country. What aspect of segment screening fostered this decision?
accessible
definable
capturable
actionable
QUESTION 13
A(n) ________ is an area authorized by customs authorities for storage of goods on which payment of import duties is deferred until their removal.
collection area
bonded warehouse
customhouse
import warehouse
QUESTION 14
Companies pursuing a ________ strategy typically centralize product development functions in their home country and then transfer innovations to foreign markets in order to capture additional value.
QUESTION 15
Many nations, especially those of Latin America, follow the ________ Doctrine, which holds that contractual dispute cases should be tried under local, and not foreign, law.
QUESTION 16
Hansen Fashion Corporation is an online retail clothing group that plans to enter the European market after its analysis showed that the number of online clothing buyers has increased steadily over the past ten years and is projected to double in the next year. What is the company using to make its decision?
competitive screen
political stability
market indicator
economies of scale
QUESTION 17
The firm’s ultimate manager of strategic planning is the firm’s
chief executive officer.
vice president for planning.
board of directors.
chief operating officer.
QUESTION 18
During the initial screening process, Securicom decided not to pursue activity in Greenland because consumers weren’t interested in purchasing high-end door locks for their automobiles. What was Securicom assessing in this process?
competitive forces
cultural potential
basic needs potential
economic/financial forces
QUESTION 19
Independent businesses that handle import shipments for compensation are
freight forwarders.
customhouse brokers.
importing agents.
bonded warehouses.
QUESTION 20
Incoterms describe three issues that arise in a commercial transaction, including
which party determines the goods to be sent.
which party collects the payments.
which party covers the costs.
which party’s jurisdiction is used to resolve conflicts.
QUESTION 21
What is one of the 12 most common mistakes and pitfalls awaiting new exporters listed in the textbook?
failure to treat international distributors on an equal basis with domestic counterparts
too much attention on selecting overseas distributors
failure to develop a domestic marketing plan
overuse of an export management compan
QUESTION 22
The Small Business Administration (SBA) provides what kind of assistance through its Office of International Trade?
grant programs to support international research
education assistance
coupon redemption service
financial assistance
QUESTION 23
Jefferson Materials Corporation has developed a fire-resistant fabric that no one else has been able to replicate. It is used throughout the world in firefighting equipment and supplies. Since it is the only company making the product, customers are willing to pay a premium for the fabric. In this scenario, the fire-resistant fabric has helped the company develop a(n)
purchasing power parity.
comparative advantage.
competitive advantage.
economy of scale.
QUESTION 24
________ are multiple, plausible stories a company uses when assessing probable futures.
QUESTION 25
________ screening is an application of environmental scanning that companies use to eliminate the less desirable markets.
QUESTION 26
The European Union uses a Conformité Européene (CE) mark on shipments, which indicates that
the shipment must be inspected when sent to any EU country.
the shipment has been paid for by the shipper.
the country of origin is in the EU.
the merchandise conforms to European requirements.
QUESTION 27
During the meeting, David mentioned two possibilities for the future of the new product line. It could do well initially but then be undercut by competitor challenges or supplier pricing changes. Or, it could fail immediately if marketing promotions aren’t effective in the European market. What is David using in his strategy formulation?
procedures
policies
scenarios
contingencies
QUESTION 28
Parul is part of a team assessing international markets for the company. It is her job to learn the marketing strategies and pricing policies of companies already in the market. Which aspect of the screening process is Parul responsible for?
financial and economic forces
cultural forces
competitive forces
political and legal forces
QUESTION 29
________ screening is an in-country analysis of groups of consumers.
QUESTION 30
An assessment conducted on the chain of interlinked activities of an organization or set of interconnected organizations, intended to determine where and to what extent value is added to the final product or service is known as
value chain analysis.
economic value added.
internal analysis.
SWOT analysis.
Expert Answer
An expert answer will be posted here.
