SIB460-NXX-Practice Test

Which marketing mix element is relevant in case of export selling?

• Product

• Price

• Place

• Promotion

• None of the above

Which country is a major exporter of clothing to USA?

• Bangladesh

• People's Republic of China

• Malaysia

• Mexico

• Vietnam

The so-called "China triangle" includes:

• Hong Kong, Republic of China, and Singapore

• Hong Kong, Republic of China, and Singapore

• Republic of China, Taiwan, and Hong Kong

• Taiwan, Hong Kong, and Republic of China

• Singapore, China, and Republic of China

After recovering from the destruction of its economy during World War II, ________ became an economic superpower as a direct result of export strategies.

• Hong Kong

• Italy

• China

• Germany

• Japan

The Ministry of International Trade and Industry (MITI) has helped devise export strategies for companies in:

• Singapore

• South Korea

• Taiwan

• Hong Kong

• Japan

The export and import process can entail red tape and bureaucratic delays. In an effort to facilitate exports, countries are designating certain areas as:

• import control zones

• special tariff zones

• global business zones

• free trade zones

• duty free zones

A duty that represents a certain percentage of the value of a particular product is a(n):

• specific duty

• ad-valorem duty

• BTN duty

• Schedule B duty

• Anti-dumping duty

Which of the following types of duties would be imposed on a company whose home-country government provides export subsidies?

• ad valorem duty

• countervailing duty

• antidumping duty

• specific duty

• customs duty

Three Rs of global business are commonly known as

• Quotas

• NTBs

• NTRs

• Duties

• Tariffs

________ are variously referred to as buyer for export, export commission house, or export confirming house.

• Export brokers

• Export merchants

• Foreign purchasing agents

• Export managers

• Manufacturer's agents