IBT_Midterms (INCOMPLETE)

Direct importers of products and services that cover a relatively large region.

They purchase directly from an exporter and then resell the goods to their own dealer organization.

Does not purchase goods from exporters but accepts goods on consignment.

No sale is made from the export seller.

Only a physical transfer of inventory takes place, no title change.

the process of selling goods and services of a local company to companies or consumers in a different country.

________ are very large companies that are basically international traders whose principal income sources are derived from import-export activities.

_______ is when two businesses come to an agreement to produce parts or goods over a specific period of time.

________ and _______ is the process of forming strategic alliance.

include the "and" in your answer

______ is when a business expands by acquiring a company similar to its industry and at the same point of the supply chain.

________ is when a business expands by acquiring a company that operates way ahead or below them in the supply chain.

What are the two types of vertical integration

include "and" in your answer

A _________ is a partnership between two or more people that aims to develop new business or project for profit while splitting the associated risks.