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WorksheetsSIB460-NXX-Practice Test
Total questions: 30
Worksheet time: 29mins
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
_______________ brings together an exporter and a buyer in a foreign country for a fee.
Freight Forwarder
Customs broker
Export broker
Export merchant
Exporter
________ are licensed specialists in traffic operations, customs clearance, and shipping tariffs and schedules. They can be considered as the travel agents for handling export goods.
Foreign purchasing agents
Export brokers
Freight forwarders
Cooperative exporters
Which mode of payment is the most reliable in case of goods sold to overseas customers?
a certified check
a draft
a swap
LC
a "piggyback" arrangement
An irrevocable letter of credit transfers the payment obligation for an export deal from the buyer to the buyer's:
in-house export organization.
bank
credit union
checking account
freight forwarder
____________ & _____________ are useful as an exporter needs very few documents to clear a shipment.
letter of credit, commercial invoice
certificate of origin, bill of exchange
packing list, commercial invoice
packing list, insurance certificate
bill of exchange, commercial invoice
Which of the following completely eliminates the risk of nonpayment by an importer or a bank in an international transaction?
documentary credit (letter of credit)
documentary collection
cash in advance
sales on open account
draft
In _________ a company purchases a finished product or some production inputs like parts and raw material from local or international market.
stock exchange
supply chain
sourcing
countervailing
commodity exchange
This type of organization plays the role of the export department for other companies.
Freight forwarder
Custom broker
Manufacturers's export agent
Export Management Company
Cooperative exporter
Governmental actions that discourage imports and block markets include all of the following except:
tariffs
free trade zones
subsidies
tax incentives
duties
________ is the term that refers to the merging of different industries such as computers, photography, and motion pictures.
Value networks
Disruptive innovation
Telematics
Agnostic marketing
Convergence
According to the innovator's dilemma:
the computing power of a microprocessor doubles every 18 months.
markets that don't exist can't be analyzed.
well-managed companies that listen and respond to needs of established customers may miss opportunities to innovate.
regulation of e-commerce activities will increase at a rate that is directly proportional to the growth of e-commerce revenues.
innovations are copied soon after they are discovered.
________ sites are online retail operations that allow customers to purchase goods and services.
Transaction
Promotion
Matrix
Content
Transfer
Term used for entertainment and news webpages is :
Content site
Company site
PR site
Cyber site
Transaction site
_______________ is considered as "ready for tomorrow" in terms of Internet speed.
India
United States
Japan
China
Korea
The term "m-commerce" is used to describe the use of:
Internet in commerce
web.com in commerce
money in commerce
cell phones in commerce
credit cards in commerce
"Export selling" involves tailoring various elements of the marketing mix to global market requirements.
True
False
Research discovered that even the most experienced exporters express lack of confidence in their knowledge about shipping arrangements, payment procedures, and regulations.
True
False
AFter joining WTO, Chinese exports have seen a quick surge in exports.
True
False
Tax incentives, subsidies, export assistance, and free trade zones are common support provided by governments to firms that engage in exporting.
True
False
In South Korea, the Netherlands, Greenland, the UAE, Bahrain, and Qatar, more than 90 percent of the population is online.
True
False
