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WorksheetsImporting and Exporting - Module 2: Select Products and Supplier
Total questions: 10
Worksheet time: 5mins
Which type of imported product is attractive to customers because it is different from the standardized products available in the domestic market?
Less Expensive Products
Products of Better Quality
Unique Products
Available Products
What can help capture a significant share of the domestic market for an imported product?
Higher quality
Unique design
Significantly lower price
Better availability
Which element is used to find, evaluate, and select the right product for importation by using primary and secondary sources?
Foreign Travel
Trade Fairs and Shows
Domestic Market Research
Trade Publications
What is an effective way for exporters to promote their products and for importers to find potential products?
Trade Publications
Domestic Market Research
Foreign Travel
Trade Fairs and Shows
Which factor is NOT typically considered when evaluating and choosing a supplier for importation?
Delivery time
Supplier reliability
Intellectual property protection
The number of employees
What does the term "FOB" (Free On Board) imply regarding costs and risks?
The seller covers all costs and risks until the goods are loaded onto the ship or plane.
The buyer covers all costs and risks until the goods are loaded onto the ship or plane.
The seller covers all costs and risks until the goods are off-loaded at the destination terminal.
The buyer covers all costs and risks until the goods are off-loaded at the destination terminal.
Which pricing method includes the responsibility for the cost of transporting goods from the manufacturing plant to the delivery address?
Purchase Price
Freight Costs
Insurance
Customs Duty
What is essential to determine before deciding to import a product to ensure the correct duty tax is paid?
Correct tariff code
Total demand for the product
Intellectual property rights
Product compliance
Which import marketing channel involves the foreign producer exporting through a subsidiary or joint venture representative?
Direct Channel of Distribution
Indirect Channel of Distribution
Electronic Bulletin Boards
Trade Publications
Which option is a feature of an indirect channel of distribution?
The foreign producer exports directly to the consumer.
The foreign producer uses a commission agent or import merchant.
The product is manufactured entirely within the importing country.
The product is sold only through direct retail outlets.
