Fiu mar4144 midterm exam latest 2016 july 100 % correct answrs

1. Warranties are a valuable advertising tool. True False2.4 points QUESTION 21. Considering trade agreements and programs is essential in developing a marketing strategy. True False2.4 points QUESTION 31. An advantage of direct exporting is that the exporter has more control over the export process. True False2.4 points QUESTION 41. In addition to Federal agencies state and local agencies may also provide valuable export assistance. True False2.4 points QUESTION 51. Secondary market research should be the first source of a company’s information. True False2.4 points QUESTION 61. The government cannot offer any assistance to companies wishing to export a service. True False2.4 points QUESTION 71. The Commercial Service of the Department of Commerce offers some programs and services free of charge to potential exporters. True False2.4 points QUESTION 81. Passively filling orders from domestic buyers who the export your product is a form of direct exporting. True False2.4 points QUESTION 91. Product adaptation is required in all exports. True False only if it does not meet standards2.4 points QUESTION 101. In organizing for exporting it is preferable for a company to separate international functions from domestic. True False2.4 points QUESTION 111. Pre-sale and post-sales services are not required in export sales. True False2.4 points QUESTION 121. Assessing your company with regard to internationally experienced personnel is important in developing an export plan. True False2.4 points QUESTION 131. Statistics gathering is vital to market research. True False2.4 points QUESTION 141. Mexico, Canada, the United States, and Chile are all members of the North American Trade Agreement. True False2.4 points QUESTION 151. Imposition of trade barriers can be either political or economic in nature. True False2.4 points QUESTION 161. Selling your product domestically which in turn is exported by the buyer is a form of direct exporting. True False2.4 points QUESTION 171. Agent/Representative arrangements, Distributorships, and Export Management Companies are all examples of direct exporting. True False2.4 points QUESTION 181. The Small Business Administration cannot offer export assistance. True False2.4 points QUESTION 191. Banks, hospitals, and foreign governments are examples of end users. True False2.4 points QUESTION 201. A particular market technique can be assumed to be successful in all countries. True False2.4 points QUESTION 211. A company should rely on primary research first in developing its export plan. True False2.4 points QUESTION 221. Product adaptation refers to fitting your product into the foreign market’s needs. True False2.4 points QUESTION 231. In entering an arrangement with a foreign representative it is preferable to obtain a lawyer in the United States to prepare a contract. True False2.4 points QUESTION 241. Detailed, written plans would help in developing a successful export program. True False2.4 points QUESTION 251. In assessing a foreign sales representative or agent, little background information would be required. True False2.4 points QUESTION 261. Department of Commerce trade events are excellent ways to develop foreign contacts. True False2.4 points QUESTION 271. Technology licensing and joint ventures are methods of selling your product in foreign markets; these methods have no risk involved. True False2.4 points QUESTION 281. Selling to foreign retailers is generally limited to consumer goods. True False false is correct2.4 points QUESTION 291. 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 False2.4 points QUESTION 301. Examples of service exports include travel and tourism, environmental services, and education and training. True False2.4 points QUESTION 311. A foreign distributor purchases goods from a U.S. exporter and re-sells them at a profit. True False2.4 points QUESTION 321. Selling to foreign retailers is a form of direct exporting. True False2.4 points QUESTION 331. Sales representatives and agents in your target market will take title of the goods you export. True False2.4 points QUESTION 341. Examining the demographics of a foreign market is critical in developing your export marketing plan. True False2.4 points QUESTION 351. Market research will help you decide the needs your product can satisfy. True False2.4 points QUESTION 361. Trade shows and fairs in foreign countries are excellent venues to showcase your product in a foreign market. True False2.4 points QUESTION 371. The U.S. Government offers market research that has already been done. True False2.4 points QUESTION 381. In researching foreign customs regulations the following must be taken into account:Tariff ratesGovernment imposed tariffsProduct regulationsAll of the above.2.4 points QUESTION 391. Management commitment is not critical in developing an export program. True False2.4 points QUESTION 401. Which of the following is not an example of intellectual property?CopyrightsMoldsPatentsTrade Secrets2.4 points QUESTION 411. In developing an export program support from top management is not necessary. True False2.4 points QUESTION 421. Export Management Companies are a form of indirect exporting. True False

 

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