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QUIZ - IBTRADE - MIDTERMS

Total questions: 20

Worksheet time: 7mins

Name
Class
Date
1.

Which of the Entry Modes for Venturing into the Export Business stated that;

"You are the importer’s representative and you reside in the exporter’s home country."

a)

ENTRY MODE 1: PRODUCER EXPORTER

b)

ENTRY MODE 2: EXPORTER-TRADER

c)

ENTRY MODE 3: SUBCONTRACTOR

d)

ENTRY MODE 4: SELLING AGENT

e)

ENTRY MODE 5: BUYING AGENT

2.

Which of the Entry Modes for Venturing into the Export Business stated that;

"You can be the representative of more than one producer and represent the interest of the producer’s."

a)

ENTRY MODE 1: PRODUCER EXPORTER

b)

ENTRY MODE 2: EXPORTER-TRADER

c)

ENTRY MODE 3: SUBCONTRACTOR

d)

ENTRY MODE 4: SELLING AGENT

e)

ENTRY MODE 5: BUYING AGENT

3.

Which of the Entry Modes for Venturing into the Export Business stated that;

"You must meet the producer’s (contractor’s) requirements the name of the game in export is volume which most often is not met by everyone seasoned exporters?"

a)

ENTRY MODE 1: PRODUCER EXPORTER

b)

ENTRY MODE 2: EXPORTER-TRADER

c)

ENTRY MODE 3: SUBCONTRACTOR

d)

ENTRY MODE 4: SELLING AGENT

e)

ENTRY MODE 5: BUYING AGENT

4.

Which of the Entry Modes for Venturing into the Export Business stated that;

"You carry the inventory and thus needs various warehouse facilities for storing and keeping the basic goods?"

a)

ENTRY MODE 1: PRODUCER EXPORTER

b)

ENTRY MODE 2: EXPORTER-TRADER

c)

ENTRY MODE 3: SUBCONTRACTOR

d)

ENTRY MODE 4: SELLING AGENT

e)

ENTRY MODE 5: BUYING AGENT

5.

Which of the Entry Modes for Venturing into the Export Business stated that;

"You produce the goods thus, you should have a factory or plant to manufacture the products you are going to export?"

a)

ENTRY MODE 1: PRODUCER EXPORTER

b)

ENTRY MODE 2: EXPORTER-TRADER

c)

ENTRY MODE 3: SUBCONTRACTOR

d)

ENTRY MODE 4: SELLING AGENT

e)

ENTRY MODE 5: BUYING AGENT

6.

Which of the Entry Modes for Venturing into the Export Business stated that;

"You carry the inventory; therefore you contact for various types of goods and take possession and title of them?"

a)

ENTRY MODE 1: PRODUCER EXPORTER

b)

ENTRY MODE 2: EXPORTER-TRADER

c)

ENTRY MODE 3: SUBCONTRACTOR

d)

ENTRY MODE 4: SELLING AGENT

e)

ENTRY MODE 5: BUYING AGENT

7.

Which of the Entry Modes for Venturing into the Export Business stated that;

"You source the product from local suppliers based on the buyer’s requirements and specifications?"

a)

ENTRY MODE 1: PRODUCER EXPORTER

b)

ENTRY MODE 2: EXPORTER-TRADER

c)

ENTRY MODE 3: SUBCONTRACTOR

d)

ENTRY MODE 4: SELLING AGENT

e)

ENTRY MODE 5: BUYING AGENT

8.

Which of the Entry Modes for Venturing into the Export Business stated that;

"A producer appoints you. and you therefore act as the producer’s agent you sell the producer’s merchandise to importers?"

a)

ENTRY MODE 1: PRODUCER EXPORTER

b)

ENTRY MODE 2: EXPORTER-TRADER

c)

ENTRY MODE 3: SUBCONTRACTOR

d)

ENTRY MODE 4: SELLING AGENT

e)

ENTRY MODE 5: BUYING AGENT

9.

Which of the Entry Modes for Venturing into the Export Business stated that;

"Your contractor gives you assistance in the form of raw material design, quality specification, technology , or sometimes working capital?"

a)

ENTRY MODE 1: PRODUCER EXPORTER

b)

ENTRY MODE 2: EXPORTER-TRADER

c)

ENTRY MODE 3: SUBCONTRACTOR

d)

ENTRY MODE 4: SELLING AGENT

e)

ENTRY MODE 5: BUYING AGENT

10.

Which of the Entry Modes for Venturing into the Export Business stated that;

"You buy from the producer or supplier directly you do not manufactured once you get the pieces of merchandise, you are responsible for them?"

a)

ENTRY MODE 1: PRODUCER EXPORTER

b)

ENTRY MODE 2: EXPORTER-TRADER

c)

ENTRY MODE 3: SUBCONTRACTOR

d)

ENTRY MODE 4: SELLING AGENT

e)

ENTRY MODE 5: BUYING AGENT

11.

Which Function performs this type of activity in Duties of an Export Merchandiser?

"Submits final questions and samples for approval and conformation."

a)

BUYER SOURCING , HANDLING & ASSISTANCE

b)

SUPPLIER SOURCING, IDENTIFICATION & EVALUATION

c)

NEGOTIATION

d)

ORDERS FOLLOW UP

12.

Which Function performs this type of activity in Duties of an Export Merchandiser?

"Ensures on-time delivery."

a)

BUYER SOURCING , HANDLING & ASSISTANCE

b)

SUPPLIER SOURCING, IDENTIFICATION & EVALUATION

c)

NEGOTIATION

d)

ORDERS FOLLOW UP

13.

Which Function performs this type of activity in Duties of an Export Merchandiser?

"Visit factories or prospective suppliers to broaden suppliers base."

a)

BUYER SOURCING , HANDLING & ASSISTANCE

b)

SUPPLIER SOURCING, IDENTIFICATION & EVALUATION

c)

NEGOTIATION

d)

ORDERS FOLLOW UP

14.

Which Function performs this type of activity in Duties of an Export Merchandiser?

"Studies the buyers product preferences and specifications."

a)

BUYER SOURCING , HANDLING & ASSISTANCE

b)

SUPPLIER SOURCING, IDENTIFICATION & EVALUATION

c)

NEGOTIATION

d)

ORDERS FOLLOW UP

15.

Which Function performs this type of activity in Duties of an Export Merchandiser?

"Arranges the buyers hotel accommodations, transportation, provision, ect."

a)

BUYER SOURCING , HANDLING & ASSISTANCE

b)

SUPPLIER SOURCING, IDENTIFICATION & EVALUATION

c)

NEGOTIATION

d)

ORDERS FOLLOW UP

16.

Which Function performs this type of activity in Duties of an Export Merchandiser?

"Initiates the counter sampling and alternative product sourcing to meet the buyers requirements."

a)

BUYER SOURCING , HANDLING & ASSISTANCE

b)

SUPPLIER SOURCING, IDENTIFICATION & EVALUATION

c)

NEGOTIATION

d)

ORDERS FOLLOW UP

17.

Which Function performs this type of activity in Duties of an Export Merchandiser?

"Negotiates with buyer in case of any delay."

a)

BUYER SOURCING , HANDLING & ASSISTANCE

b)

SUPPLIER SOURCING, IDENTIFICATION & EVALUATION

c)

NEGOTIATION

d)

ORDERS FOLLOW UP

18.

Which Function performs this type of activity in Duties of an Export Merchandiser?

"Prepares the P.O to vendor upon the approval of the buyer."

a)

BUYER SOURCING , HANDLING & ASSISTANCE

b)

SUPPLIER SOURCING, IDENTIFICATION & EVALUATION

c)

NEGOTIATION

d)

ORDERS FOLLOW UP

19.

In Exporting product research there are checklist in different aspects that we need to consider.

Identify the country that has designing pack worldwide, in this country colors like Yellow means cosmetics, and Blue means textiles.

a)

FRANCE

b)

SWEDEN

c)

IRELAND

d)

SWITZERLAND

e)

CHINA

20.

In Exporting product research there are checklist in different aspects that we need to consider.

Identify the country that has designing pack worldwide, in this country colors like Green and Orange should used with care.

a)

FRANCE

b)

SWEDEN

c)

IRELAND

d)

SWITZERLAND

e)

CHINA