29 Jun Secondary market research should be the first
Question
QUESTION 1
Secondary market research should be the first source of a company’s information.
True
False
2.4 points
QUESTION 2
Banks, hospitals, and foreign governments are examples of end users.
True
False
2.4 points
QUESTION 3
Imposition of trade barriers can be either political or economic in nature.
True
False
2.4 points
QUESTION 4
In developing an export program support from top management is not necessary.
True
False
2.4 points
QUESTION 5
Assessing your company with regard to internationally experienced personnel is important in developing an export plan.
True
False
2.4 points
QUESTION 6
Technology licensing and joint ventures are methods of selling your product in foreign markets; these methods have no risk involved.
True
False
2.4 points
QUESTION 7
Trade shows and fairs in foreign countries are excellent venues to showcase your product in a foreign market.
True
False
2.4 points
QUESTION 8
Management commitment is not critical in developing an export program.
True
False
2.4 points
QUESTION 9
The government cannot offer any assistance to companies wishing to export a service.
True
False
2.4 points
QUESTION 10
In addition to Federal agencies state and local agencies may also provide valuable export assistance.
True
False
2.4 points
QUESTION 11
Selling your product domestically which in turn is exported by the buyer is a form of direct exporting.
True
False
2.4 points
QUESTION 12
Product adaptation refers to fitting your product into the foreign market’s needs.
True
False
2.4 points
QUESTION 13
Mexico, Canada, the United States, and Chile are all members of the North American Trade Agreement.
True
False
2.4 points
QUESTION 14
Sales representatives and agents in your target market will take title of the goods you export.
True
False
2.4 points
QUESTION 15
A particular market technique can be assumed to be successful in all countries.
True
False
2.4 points
QUESTION 16
Pre-sale and post-sales services are not required in export sales.
True
False
2.4 points
QUESTION 17
A foreign distributor purchases goods from a U.S. exporter and re-sells them at a profit.
True
False
2.4 points
QUESTION 18
The Small Business Administration cannot offer export assistance.
True
False
2.4 points
QUESTION 19
In assessing a foreign sales representative or agent, little background information would be required.
True
False
2.4 points
QUESTION 20
A company should rely on primary research first in developing its export plan.
True
False
2.4 points
QUESTION 21
Considering trade agreements and programs is essential in developing a marketing strategy.
True
False
2.4 points
QUESTION 22
Market research will help you decide the needs your product can satisfy.
True
False
2.4 points
QUESTION 23
Agent/Representative arrangements, Distributorships, and Export Management Companies are all examples of direct exporting.
True
False
2.4 points
QUESTION 24
Warranties are a valuable advertising tool.
True
False
2.4 points
QUESTION 25
Examining the demographics of a foreign market is critical in developing your export marketing plan.
True
False
2.4 points
QUESTION 26
Statistics gathering is vital to market research.
True
False
2.4 points
QUESTION 27
Product adaptation is required in all exports.
True
False
2.4 points
QUESTION 28
Which of the following is not an example of intellectual property?
Copyrights
Molds
Patents
Trade Secrets
2.4 points
QUESTION 29
Selling to foreign retailers is generally limited to consumer goods.
True
False
2.4 points
QUESTION 30
Detailed, written plans would help in developing a successful export program.
True
False
2.4 points
QUESTION 31
In entering an arrangement with a foreign representative it is preferable to obtain a lawyer in the United States to prepare a contract.
True
False
2.4 points
QUESTION 32
Passively filling orders from domestic buyers who the export your product is a form of direct exporting.
True
False
2.4 points
QUESTION 33
In organizing for exporting it is preferable for a company to separate international functions from domestic.
True
False
2.4 points
QUESTION 34
The Commercial Service of the Department of Commerce offers some programs and services free of charge to potential exporters.
True
False
2.4 points
QUESTION 35
Export Management Companies are a form of indirect exporting.
True
False
2.4 points
QUESTION 36
Selling to foreign retailers is a form of direct exporting.
True
False
2.4 points
QUESTION 37
Department of Commerce trade events are excellent ways to develop foreign contacts.
True
False
2.4 points
QUESTION 38
Examples of service exports include travel and tourism, environmental services, and education and training.
True
False
2.4 points
QUESTION 39
In preparing an export plan it will be necessary to study your customers’ profile and which distribution channel should be used for reaching customers.
True
False
2.4 points
QUESTION 40
In researching foreign customs regulations the following must be taken into account:
Tariff rates
Government imposed tariffs
Product regulations
All of the above.
2.4 points
QUESTION 41
The U.S. Government offers market research that has already been done.
True
False
2.4 points
QUESTION 42
An advantage of direct exporting is that the exporter has more control over the export process.
True
False
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