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Question
The Heckscher-Ohlin theory predicts that countries will
A) export those goods that make intensive use of factors that are locally scarce.
B) export those goods that make intensive use of factors that are locally abundant.
C) import those goods that make intensive use of factors that are locally abundant.
D) import those goods that make intensive use of factors that are available worldwide.
Answer
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Related questions
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Countertrade is
A) most attractive to small, primarily domestic enterprises.
B) least attractive to small, primarily domestic enterprises.
C) most attractive to large, diverse multinational enterprises.
D) least attractive to large, diverse multinational enterprises.
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_____ occurs when a firm builds a plant in a country and agrees to take a certain percentage of the plant s output as partial payment for the contract.
A) A buyback
B) A barter
C) An offset
D) A switch trade
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As a document of title, a _____ can be used to obtain payment or a written promise of payment before the merchandise is released to the importer.
A) bill of lading
B) letter of credit
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A _____ serves as a receipt, a contract, and a document of title.
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In a typical international trade transaction, the
A) exporter should obtain a letter of credit to initiate transactions.
B) importer and exporter maintain an account with the same bank.
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D) importer s bank sends the draft and bill of lading to the exporter s bank.
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In an international transaction involving a bank as a third party, the exporter ships the product after
A) the bank receives materials from the importer.
B) receiving a cleared payment through the bank.
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B) EMCs are export-import banks that manage foreign exchanges.
C) EMCs are export specialists that act on behalf of their client firms.
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Describe the 14 steps in a typical international trade transaction.
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Tangible property includes patents, designs, copyrights, and trademarks.
⊚ true
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What is a drawback of a just-in-time system?
A) Transport costs are high when using a just-in-time system.
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When a multinational corporation buys products or services from one of its suppliers that produces them somewhere else, whether domestically or globally, it is referred to as
A) offshoring.
B) insourcing.
C) outsourcing.
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The process of planning, implementing, and controlling the efficient, cost-effective flow of raw materials, in-process inventory, finished goods, and related information from the point of consumption to the point of origin for the purpose of recapturing value or proper disposalis called
A) transportation.
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Q:
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This is where cutting-edge production should take place, or at least be tested for implementation in other parts of the firm s production network.
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B) have low value-to-weight ratios.
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A) ISO 9000
B) TQM
C) Lean production
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⊚ true
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⊚ true
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_____ is an international market research company based in London that works with more than half of the Fortune 500 companies.
A) Ipsos
B) Nielsen
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B) pricing strategy
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