Iei301 Study guides, Class notes & Summaries

IEI301 - QUIZ 1 CORRECTLY ANSWERED TO PASS!!

1. In which of the following countries do services account for about 40 percent or more of total merchandise trade? a. China and Panama b. Panama and the Netherlands c. China, Panama, and the Netherlands d. China and the Netherlands - ️️b 2. Which of the following are included in a typical services export? a. Tourism and transportation b. Sales and forecasting c. Technology and e-commerce d. All of the above - ️️a 3. Who does international trade allow to seek out products,...

The payment terms offered by exporters to foreign buyers are all of the following except: a. Cash in advance b. Consignment but negotiable note c. Open account d. Documentary collection - ️️b The following payment method could be risky for the seller: A.Cash in advance B.Irrevocable letter of credit C.Open account D.Bank collection time draft - ️️c Which of the following method is the least costly for a buyer? a. Cash in advance b. Negotiable note c. Open accou...

1. Systematic approach is based on demand and growth trends, statistical sources, familiarity, proximity to producer, etc. A. True B. False - ️️A 2. Which should be included in an International Business Plan? A. Target market B. Marketing and sales strategy C. Management and organization D. Long-term development plan E. Financial plan F. All of these - ️️F 3. In US, which private sources can provide assistance for a company in exporting? A. Commercial banks B. Small...

1. In which of the following countries do services account for about 40 percent or more of total merchandise trade? a. China and Panama b. Panama and the Netherlands c. China, Panama, and the Netherlands d. China and the Netherlands : b 2. Which of the following are included in a typical services export? a. Tourism and transportation b. Sales and forecasting c. Technology and e-commerce 2 | P a g e d. All of the above : a 3. Who does international trade allow to seek out products...

IEI301 (1) Quizzes & Ans 2023/2024

1.Export prices should be low enough to remain competitive in the market, yet high enough to make reasonable profit. : T 2. Parallel or gray markets are created when the product is purchased at a high price in one market and sold in markets that enjoy higher prices. : F 3. One of the external forces that influences export pricing is location and environment of the foreign market. : T 2 | P a g e 4. FCA, Ex-Works, DAF, and Ex-Store are all terms that are part of Group E terms. : F ...

1.Export prices should be low enough to remain competitive in the market, yet high enough to make reasonable profit. : T 2. Parallel or gray markets are created when the product is purchased at a high price in one market and sold in markets that enjoy higher prices. : F 3. One of the external forces that influences export pricing is location and environment of the foreign market. : T 2 | P a g e 4. FCA, Ex-Works, DAF, and Ex-Store are all terms that are part of Group E terms. : F ...

1. Systematic approach is based on demand and growth trends, statistical sources, familiarity, proximity to producer, etc. A. True B. False : A 2. Which should be included in an International Business Plan? A. Target market B. Marketing and sales strategy C. Management and organization D. Long-term development plan 2 | P a g e E. Financial plan F. All of these : F 3. In US, which private sources can provide assistance for a company in exporting? A. Commercial banks B. Small Busi...