which of the following is true of export agents

B. Unstable governments and economies are a good market to export goods. All rights reserved. The terms of trade are between the two agents' opportunity costs. Which of the following layouts is more typically found in upscale department stores? Data contained in a census are uniform across all countries. "Export selling" involves tailoring various elements of the … © copyright 2003-2021 Study.com. Setting the price for an item relatively low and then charging much higher prices for the expendables it uses is called ________. Ryan and Ben are.. Aspirational reference group. A. Answer: FALSE 83) In licensing, the licensor issues a license to a foreign company to use an item of value for a fee or royalty. An EMC is a transportation company that engages in international business. c. It is restricted to the market of fast-food restaurants. A _____ is a concession which covers the time while you prepare your location prior to opening. For example, you may identify a producer in the U.S. and work toward representing that producer (the seller) in foreign markets as the export agent. b. B. Which of the following marketing strategies exemplifies this scenario? B. Some countries publish census reports only in their native language. Given that Jessica has a very limited budget, which of the following forms of direct mail will be most appropriate for her to adopt? Which of the following statements is true of a direct mail approach? A) It is usually a division of a manufacturing company. b) They usually handle domestic transactions for firms. Which of the following statements is not true when considering these factors? Which of the following statements is true of catalogs? ... A cleared U.S. company received a request to sell export-controlled technology to an Eastern European security organization. She found that they were able to grasp the concept much better from the game rather than from reading books. a) They usually produce goods themselves. Earn Transferable Credit & Get your Degree, Get access to this video and our entire Q&A library. Which of the following statements is not true regarding the Vietnamese/U.S. Which of the following statements about handling an early termination is true? She wanted students at other universities to benefit from the simulation. A(n) _____ refers to the practice of purchasing and accepting delivery of inventory only after it has been sold to the final customer. Pest control, lawn services, and carpet cleaning are examples of services at a _____. Finally, we will also learn from a former agent of a foreign intelligence entity—an FIE. a. (c) Resources are not available to achieve that combination of goods/services. Export agents are foreign sales agents/distributors who live in the foreign country and perform the same functions as domestic manufacturers' agents, helping with international financing, shipping, and so on. An export merchant. E. A complementary marketer. Which of the following is true of business locations? Which of the following statements is true of nondirect distribution? They will let us know how DCSA can help us and how we can help DCSA. Which of the following international strategies is usually inexpensive, quick to start, easy to change, and less risky than the others? Which of the following can be exercised only when presented with specified shipping records? A country should specialize in and export the good for which it has absolute advantage. Which of the following statements is true of service locations? Which of the following businesses requires a stake in the company and is good for brainstorming with other entrepreneurs? True. In a _____ layout, material flows in on one side of the operation and continues to the other end of the operation. a broker and import/export agent. 3. The result was the launch of Simulate Strategy, Inc. _____ businesses have diverse operations and three critical site selection considerations: traffic, customer ease, and competition. Which of the following statements is true of exporting? Create your account. a) McDonald's in Vietnam offering McPork sandwiches specifically for Vietnam consumers, b) Consumer electronics companies developing different marketing strategies for different foreign markets, c) Starbucks standardizing its products across the United States and other countries, d) General Motors creating electric vehicles specifically for the Chinese market, e) International fast food chains refraining from using pork or beef only in the Indian market. False. 49) Which of the following types of agents moves international cargo, facilitates shipment tracking, and handles product returns for exporters and importers? The Foreign Corrupt Practices Act of 1977 (FCPA) (15 U.S.C. The following table lists the agents that can collect data from the guest operating system of virtual machines and send data to Monitor. A good one will act in all respects as a global extension of your sales-and-service presence—more or less what you are attempting to do on behalf of a manufacturer. True False 141. She wanted students at other universities to benefit from the simulation. A _____ is a document issued by a bank that guarantees a buyer's payment for a specified period of time upon compliance with specified terms. Each agent can collect different data and send it to either Metrics or Logs in Azure Monitor. An export agent is a firm (or individual) that undertakes most of the exporting activities on behalf of an exporter usually for a commission. 1. Which of the following layouts is most appropriate for low-volume, flexible manufacturing? Which of the following is not one of the four key factors considered when determining an optimum price? There are different types of agents e.g. In a _____ layout, the store is laid out in sections with aisles that angle or meander through the store. MNMT 3850 CHAPTER 15 HOMEWORK QUESTIONS AND ANSWERS Essentials of Entrepreneurship & Small Business Mgmt., 7e (Scarborough) Chapter 15 Global Opportunities 1) Becoming a global entrepreneur requires: A) constant innovation. Topic: Export Assistance c) They never take products on consignment. 1. In international business, an advantage of trading through an export agent instead of directly is that the company does not have to deal with: 3. TRUE/FALSE DIRECTION : Read each of the following statements and write if it is true or false. As we proceed through this course, keep in Terms in this set (80) Switzerland exports 51 percent of their GDP, compared to the United States which exports only 14 percent. 3. Which of the following is true of franchising? B) taking title to the goods it exports and imports from country to country. Explanation: Microeconomics studies the way in which economic decisions are made by the different economic agents (individuals, families, small, medium and large companies, the State, companies of different sectors and sectors, charities, civil or religious associations, etc.) True … In _____, products are sold to foreign buyers or distributors without any intermediaries. Update the agent. Answer: False. d. It requires an export agent and an export broker to be successful. C) being sensitive to foreign customers' unique requirements and adopting a more … An agent is a person who works together with the supplier and buyer as the middleman. Which of the following is true of leasing issues? Which of the following forms of direct response advertising attracts a large audience and is a good way to demonstrate a product? a. C)It does not have direct responsibility to the parent company. 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For two years, Jessica used the game to teach students. answer choices . The result was the launch of Simulate Strategy, Inc. The Internet has expanded the number of auction companies in lines of business where auctions have previously not been common. They are not actively pursued by small businesses. (a) Effective trade barriers have reduced foreign imports into the economy. The two forms of government-backed assistance that prospective U.S. exporters can draw on to help finance their export programs are financing aid from the Export-Import Bank, and export credit insurance from the Foreign Credit Insurance Association. Exports create high-wage employment. It has grown rapidly in recent years. a. b. e) They are not interested in making a profit for services they provide. If a certain combination of goods or services lies outside the production possibilities curve of an economy, which of the following is true. The following is a summary of the primary U.S. Government agencies that govern the export and re-export of products from the United States and related transactions subject to U.S. jurisdiction: A country should specialize in and import the good for which it has comparative advantage. _____ uses agents, export management companies, or export trading companies as intermediaries to handle most of the exporting process. The result was the launch of Simulate Strategy, Inc. Jessica places an advertisement about her product with her e-mail and contact information in the "Chronicle of Higher Education," a leading publication for University professors. Irving Inc., an apparel company, decides to expand operations to several countries around the world. In _____, an advertisement is placed in a magazine, newspaper, radio, billboard, or television and includes an order blank with a phone number, e-mail, or snail-mail address with the intent of having customers place immediate orders. Wholesalers and retailers who connect manufacturers to consumers are referred to as _____. Which of the following types of middlemen would be the best choice for Mr. Barker if he wants to meet his objectives? Putting two or more of the same or different products or services together and selling for a price somewhat under the products' individual prices is _________. An export management company (EMC) is one such intermediary. C. EMCs are export specialists that act on behalf of their client firms. Which of the following is true of payment procedures? Eventually she removed possible glitches and perfected the game. Eventually she removed possible glitches and perfected the game. While teaching strategy at Farrell University, Jessica developed an interactive strategy-simulation game to inculcate the concept of strategy to her students. 9) Which of the following statements is true of the target market? Which of the following is true of high customer contact businesses? Which of the following is a disadvantage of leasing. Which of the following statements is true of pricing strategy? The correct answer is D-They are responsible for storage and transportation of a product they... See full answer below. (Select all that apply.) Counterintelligence Special Agent, or CISA. Ans : (T) 4. Her company is fairly new and opening a website immediately would expose her company to customers from around the world. All other trademarks and copyrights are the property of their respective owners. Which of the following forms of direct response advertising allows very specific targeting and is appropriate for business-to-business selling? § 78dd-1, et seq.) _____ are specialists in export-related activities including tariff schedules, shipping, insurance, packing, transportation arrangements, customs clearing, and other export details. Neil places an advertisement for his pastry shop, Neil's Pastries, in the local newspaper. 1. A combination export manager is a blend of manufacturers' agent and selling agent. A(n) _____ is a middleman business which sells to consumers or end-users of a product, typically in single or small quantities. Ans : False 2. Identify the layout that is very efficient and organized but lacks some visual impact. Mineral-based industries use metals and minerals as raw material. Which of the following is true about the firm’s working capital position? Which of the following statements is always true of sales promotions? D)It acts as a middleman for companies willing to involve their own personnel in international functions. 40) Which of the following is typically true of an export management company? Which of the following statements is true about specialization and trade? They represent people born between 1930 and … d) They are responsible for storage and transportation of a product they sell. (Points : 2) The firm has less accounts receivable than other firms. It is a form of contract manufacturing. _____ refer to permanent changes made to the location to fit business's needs. Which of the following is an example of a global strategy? The import/export business has two main types of agents: 1. He includes his phone number, website, e-mail address, and postal address in the advertisement so that prospective customers have the option to contact him in the way they feel most comfortable. Which of the following forms of direct marketing is the most expensive? They consist of 50 million Americans. 71. p. 208 With regard to global marketing research, which of the following is true of using census data for in-depth demographic information?. Which of the following statements is true of American teenagers. 1. 2. Generally, most EMCs are large. A. Elastic products have few substitutes and price changes make little difference in demand. Auction companies are used for products where demand and supply conditions change rapidly. The terms "export selling" and "export marketing" are interchangeable. Answer. Which of the following statements is true of low customer contact businesses? Which of the following is an example of a high customer contact business? Traditional import/export agents: An export agent works in the country where the product is produced. True. A. Which of the following is true of export agents? 4. For two years Jessica used the game to teach students. _____ advertisements provide both geographic and demographic segmentation with a highly distracted audience. b. For two years Jessica used the game to teach students. Both allow manufactures to retain title for products. 0 votes She found that they were able to grasp the concept much better from the game rather than from reading books. is a United States federal law that prohibits U.S. citizens and entities from bribing foreign government officials to benefit their business interests.. _____ refers to a method of selling in which catalogs, brochures, letters, videos, and other pieces of marketing materials are shipped straight to customers from which they can mail, call, or e-mail an order. Answer: TRUE 84) When the licensor provides the licensee with a complete brand concept and operating system, the arrangement is called contract manufacturing. Coupons, rebates, buy-one-get-one promotions, and sales are all forms of _______ techniques used in sales promotion. A key feature of the traditional export agent is that they never really take ownership of the goods, which always remain under the control of the exporter. D) valuing products that qualify for favorable tariffs . The _____ layout has aisles running from the front of the store to the back like the typical grocery, discount, or convenience store. D. An export management company. The primary purpose of accounting for estates... What does durable power of attorney mean? A _____ is an example of a low customer contact business. The bulk of the U.S. catfish industry is located in poor, Southern states c. (b) New technology is being used in production. Innate exporters c. Export management companies d. Shell corporations ANS: C PTS: 1 DIF: Easy REF: p. 287 OBJ: LO: 9-4 NAT: BUSPROG: Diversity | BUSPROG: Analytic STA: DISC: International Perspective KEY: Bloom's: Knowledge 13. c. ... an export agent and an export broker to be successful. A. Which of the following statements is true of EMCs? B) maintaining a high level of quality and constantly improving it. C) invoice agent D) countertrader Answer: A Diff: 1 Learning Outcome: Discuss the roles of exporting, importing, and countertrade in international business Skill: Concept Objective: 4 AACSB: Application of knowledge. Score Through its _____ program, the SBA oversees about 850 volunteers with international trade experience to provide one-on-one counseling to active and new-to-export businesses. This can be seen by the study conducted by the USTR, which found that workers in export-related sectors earn 17 percent more than the average worker in the United States. _______ is an estimation of what a price should be based on information a consumer gathered, such as advice, advertisements, or comparison shopping. A recent study on wages and trade found a negative correlation between export intensity and wages. The agent thus will do most of the marketing of the principle … The correct answer is B. Microeconomics involves the study of how households and firms make choices.. The jute industry supports one lakh workers directly. You'll need to update the agent if you're in one of the following situations: You want to migrate a previously registered session host to a new host pool; The session host doesn't appear in your host pool after an update; To update the agent: Sign in to the VM as an administrator. She found that they were able to grasp the concept much better from the game rather than from reading books. C. Shipping documentation and paperwork are generic to all products and countries. D. An EMC is an intermediary that facilitates talks between two nations. Value benefits come into play when you think about pricing your product. C. A trade representative. Wholesalers, retailers, distributors, agents are commonly referred to as ______. Which of the following has low overhead and unlimited shelf space and thereby can afford to take on an unknown firm or product? Answer: True. Or you may work as an import agent based in the country where the product will be sold, in which case you represent the buyers. Identify the type of service location in which face-to-face meetings with clients are infrequent. She wanted students at other universities to benefit from the simulation. Which of the following statements is true of an export management company? See Overview of Azure Monitor agents for details on the data that each agent … Which of the following is true of export agents? Let us begin by defining an export agent. Sales promotion techniques used to introduce your brand to customers without an immediate call to purchase are _____________ techniques. _____ uses creative and relatively inexpensive ways such as door-knob hangers, T-shirts, balloons, flyers under windshield wipers to reach customers. In this scenario, Simulate Strategy is an example of a _____.

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