- The United Nations has calculated that the time involved in preparing documentation, along with the costs of common errors in paperwork, often amounts to _____ percent of the final value of goods exported.
- When a specialized third-party trading house is used in countertrade arrangements, it is called
- Which of the following is NOT a distinct countertrade arrangement?
- When a firm agrees to purchase a certain amount of materials back from a country to which a sale is made, it is called:
- The direct exchange of goods and/or services between two parties without a cash transaction refers to:
- Which of these stands at the center of international commercial transactions?
a. Bill of lading
b. Time draft
c. Letter of credit
d. Sight draft
- For U.S. firms, the most comprehensive source of export opportunities information is the:
- Trade commissions provide all of the following EXCEPT:
a. Business counseling
b. Management personnel
c. Information gathering
d. Financing
- A company of export specialists that acts as an export marketing department for client firms is called:
- The great promise of _____ is that large revenue and profit opportunities are to be found in foreign markets for most firms in many industries.
- The masters of countertrade are Japan's gian trading firms, the _____, which use their vast networks of affiliated companies to profitably dispose of goods acquired through counter grade agreements.