ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
EXPORTING AND IMPORTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -An example of a nontariff barrier (NTB) is: a physical limit on imports.
Detailed explanation-2: -Nontariff trade barriers include import quotas, voluntary export agreements, subsidies, buy national policies, product and safety standards, and content requirements.
Detailed explanation-3: -The terms “export selling” and"export marketing” are interchangeable. “Export selling” involves tailoringvarious elements of the marketing mix to global market requirements. Export marketing requires an understanding ofthe target market environment.
Detailed explanation-4: -An ad valorem duty is expressed as a percentage of the value of goods. CVDs are additional duties levied by exporting countries on imported videodiscs. Foreign purchasing agents are also referred to as jobbers.