Term
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Definition
| Sale of products and services in foreign countries that are sourced or made in the home country. |
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Term
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Definition
| Buying goods and services from foreign sources and bringing them back into the home country. |
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Term
| List 3 Reasons Why Companies Export |
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Definition
Easiest way to participate in global trade.
It’s a less costly investment than the other entry strategies.
It’s much easier to simply stop exporting than it is to extricate oneself from the other entry modes. |
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Term
| List The Benefits Of Exporting |
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Definition
Access to new markets and revenues.
Lower manufacturing costs.
Higher manufacturing volumes. |
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Term
| Which Form Of Entry Has Lower Up Front Costs: Investment Modes or Contractual Forms? |
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Definition
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Term
| List Two Forms Of Contractual Entry |
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Definition
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Term
| List Two Forms Of Investment Modes |
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Definition
Joint Ventures
Wholly Owned Subsidiaries |
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Term
| Which Form Of Entry For A Company To Extricate Itself From The Situation If The Results Aren’t Favorable : Investment Modes or Contractual Forms? |
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Definition
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Term
| Which Form Of Entry May Bring The Company Higher Returns And A Deeper Knowledge Of The Country : Investment Modes or Contractual Forms? |
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Definition
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Term
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Definition
| Companies that trade goods and services for other goods and services; actual monies are involved only to a lesser degree, if at all. |
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Term
| When Did Countertrade Have A Tainted Reputation? |
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Definition
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Term
| Why Is Countertrade Useful? |
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Definition
| Allows exporters to trade with developing countries that may not be able to pay for the goods in hard currency. |
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Term
| What Are The Three Reasons Why Companies Use Countertrade? |
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Definition
Satisfy a foreign-government mandate.
Hedge against price and currency fluctuations.
Repatriate profits from countries that limit the amount of currency that can be taken out of the country. |
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Term
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Definition
| Countertrade structure that involves the seller receiving cash contingent on the seller buying local products or services in the amount of (or a percentage of) the cash. |
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Term
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Definition
| Buying the raw materials, components, complete products, or services from companies located outside the home country. |
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Term
| What Has Information Technology & Communications Enabled? |
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Definition
| The outsourcing of business processes, enabling those processes to be performed in different countries around the world. |
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Term
| List The Best Practices In Global Sourcing |
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Definition
Using ISO 9001:2008 certification to help ensure the quality of products regardless of where they are produced.
Considering not just the quality of products but also the environmental practices of the company providing the products, through ISO 14000 certification and the ISO 27000 for information security management system (ISMS).
Using service-level agreements to ensure the quality of services. |
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Term
| How Is It That Entrepreneurs Benefit From Outsourcing? |
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Definition
| They can acquire services as needed, without having to build those capabilities internally. |
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Term
| List The Main Parties Involved In Import And Export Transactions |
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Definition
Exporter
Importer
Carrier
Customs-Administration offices from both the home country and the foreign country |
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Term
| List 2 Intermediaries that provide companies with expert services so that the firms don’t have to build those capabilities in-house |
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Definition
Freight Forwarders
Export Management Companies (EMCs) |
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Term
Which Make The World Flatter :
Intermediaries or Regulations & Institutions |
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Definition
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Term
Which Make The World Less Flat :
Intermediaries or Regulations & Institutions |
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Definition
| Regulations & Institutions |
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Term
| What Do Freight Forwarders Specialize In? |
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Definition
| Identifying the best shipping methods, understanding trade regulations, and arranging to have exported goods clear customs. |
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Term
| What Are The Responsibilities of EMCs? |
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Definition
| The necessary documentation, find buyers for the export, and take title of the goods for direct export. |
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Term
| List The Three Important Documents For Importing And Exporting |
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Definition
Bill Of Lading
Export Declaration
Letter Of Credit |
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Term
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Definition
| Contract Between Exporter And Carrier. |
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Term
| Define Export Declaration |
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Definition
| What the customs office uses to verify and control the export. |
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Term
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Definition
| Importer promise to pay a specified amount of money to the exporter when the bank receives proper documentation about the shipment. |
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Term
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Definition
| Tells the importer to pay a specified amount at a specified time. |
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Term
| List Sources Of Company Funded Loans |
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Definition
Commercial Bank
Intermediary
Supplier
Corporate Parent
Governmental Or Other Organization |
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Term
| What is the role of organizations like OPIC, JETRO, and Ex-Im Bank? |
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Definition
| Provide financing, market information, and trade assistance. |
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Term
| Companies that provide financing, market information, and trade assistance are normally what? |
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Definition
| Country Specific Or Specific To A Category Of Countries |
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