Exporting Flashcard

Front

What are the promises and risks associated with exporting?

Back

Increased market share and currency fluctuation

Front

What steps can managers take to improve their firm’s export performance?

Back

Enhance product quality and adapt to local markets

Front

How can countertrade be used to facilitate exports?

Back

By exchanging goods and services instead of currency

Front

Which of the following is a benefit of modern transportation technologies? Increased tariffs, Higher trade barriers, Reduced regional agreements

Back

Alleviated logistical problems

Front

What is the role of the WTO in exporting?

Back

Declining trade barriers

Front

What is a common reason why many US firms do not engage in exporting?

Back

Unfamiliarity and intimidation

Front

Which of the following is NOT listed as an information source for improving export performance? State and local trade commissions, Small Business Administration, US Department of Commerce

Back

International Monetary Fund

Front

Who assists exporters by ensuring that goods meet the necessary legal requirements for international shipping?

Back

Customs brokers

Front

What is a key focus for building strong export relationships?

Back

Building strong and enduring relationships with local distributors and/or customers

Front

Who typically writes a draft in export and import financing?

Back

Exporter