which of the following is true of export agents

D. Imports are the goods and services that are purchased from the rest of the world by a countrys residents, rather than buying domestically produced items. C. Prepare a differential analysis dated May 4 to determine whether to continue with (Alternative 1) or replace (Alternative 2) the old machine. Show transcribed image text Expert Answer 100% (1 rating) Answer Option 3 is correct. Offset You can set up a self-hosted agent in Azure Pipelines to run inside a Windows Server Core (for Windows hosts), or Ubuntu container (for Linux hosts) with Docker. For example, a broker is contacted and advised that Company A in New York has an excess inventory of a soon-to-be-discontinued product. Possible values are. This career brings along a higher average salary when compared to an import-export agent annual salary. A. Countertrade prevents exchange of unusable or poor-quality goods. Buyback It increases the trade deficit that nations have. As a receipt, the bill of lading indicates that the carrier: Counterpurchase CADE is a middleman, bringing the seller and buyer together but not taking title to the goods and not providing any of the services that a distributor may perform.

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An agent

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• Is independently owned

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• Does not take title to the products being purchased and sold

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• Is actively involved in the negotiations for either the sale or purchase of the products

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Understanding types of agents

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The import/export business has two main types of agents:

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• Traditional import/export agents: An export agent works in the country where the product is produced. D. An import or export agent acts as a middle person for the purchase or sale of products between both domestic and overseas companies. C. A buyback Countertrade uses instruments such as time draft and sight draft. \end{array} \\ United States Letter of credit experienced specialists who can help the neophyte exporter. Among the necessary skills for this job include customer service, negotiation, communication, and marketing. As mentioned, these two careers differ between other skills that are required for performing the work exceedingly well. bill of exchange A. Offset letter of credit. Which of the following statements is true about Small Business Administration (SBA)? For this reason, mining is commonly a key industry in such countries. C. Take inbound and outbound telephone calls, Utilize computer software i.e. B. The peer service is added as an attribute to a span whose host or IP address match the mapping. is payable to the drawee immediately on presentation in a bank. B. C. ","slug":"what-is-an-importexport-agent","canonicalUrl":"","seo":{"metaDescription":"An agent is similar to a distributor in that he's a middleman. Why or why not? Importers usually issue a _____ to importers in international transactions. You remain responsible for shipping and other trade-related logistics - although your agent should be able to help. C. A common pitfall of exporting is trying too hard to customize a product offering rather than "sticking with what you know." D. A. C. A. Switch trading, A(n) _____ 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. The status of the agent at the time of export. It is also known as National Income (Y). CADE is aware that XYZ International is a manufacturer of quality women's sweaters in Japan and that Big-Name Department Store is interested in acquiring sweaters to sell to its customers. While most import-export agents have a college degree, you may find it's also true that generally it's possible to be successful in this career with only a high school degree. Switch trading, In a(n) ____, one party agrees to purchase goods and services with a specified percentage of the proceeds from the original sale and this party can fulfill the obligation with any firm in the country to which the sale is being made. Less commonly earned degrees for import-export agents include a international business degree or a communication degree. Export agents, merchants, or remarketers purchase products directly from the manufacturer, packing and labeling the products according to their own specifications. A. C. To bypass trade barriers in foreign countries. Which of the following is a nationwide group of international trade attorneys who provide free initial consultations to miniature businesses on export-related matters? Deal with international shipments A. _____ is a nationwide group of international trade attorneys who provide free initial consultations to small businesses on export-related matters. draft The great promise of exporting is that: Countertrade contracts may involve the exchange of unusable or poor-quality. SellingandadministrativeexpensesTotalexpensesPresentOperations$205,000$72,00051,0005,0001,50045,000$174,500ProposedOperations$205,000$72,00018,0004,00045,000$139,000. D. This is a one-time deal, because as soon as the goods are purchased, they'll no longer be available. D. Barter C. C. Warehouse assistants oversee a warehouse's stocks and products. is a time draft that has been drawn on and accepted by a bank. Small firms tend to be more aggressive than larger firms in global trade. C. Offset is a sight draft that can be used as a negotiable instrument in banks. In many countries including the United States, a person must pass a customs broker exam to be licensed to operate in that country. Employees in both import-export agents and freight forwarders positions are skilled in customer service, booking, and import export. is obligated to provide a transportation service in return for a certain charge. not-for-profit organizations that provide free service. Which of the following statements is true of export credit insurance? exporter's means of finance. D. C. World Trade Organization recover for the environmental damage. All of these tasks, the export will do on the exporters behalf. (X-M) in the above equation represents net exports. A trade surplus or trade deficit reflects a countrys balance of trade (which is, essentially, whether a country is a net exporter or importer, and to what extent). sight draft Enter on a large scale to flood the market. D. Countertrade requires employing lawyers who specialize in these unique types of contracts. It's their job to sort, organize, and keep stock in the right location. D. C. A. bill of exchange This is a unique website which will require a more modern browser to work! This is a one-time deal, because as soon as the goods are purchased, they'll no longer be available. Resolve customer complaints via phone, email, mail, or social media. Individuals John Capela has taught marketing, management, and international business courses at St. Joseph's College in New York for 20 years. For years, wineries in the United States experienced difficulties even selling their products domestically, largely because of the fact that U.S. wines were not considered to be of the same quality as, say, French or Italian wines. In some cases, the principle will want to keep tight control over the agents activities, while in other instances, the agent is given free reign. least attractive to small, primarily domestic enterprises. B. Switch trading, _____ is viewed as the most restrictive countertrade arrangement and is primarily used for one-time-only deals in transactions with trading partners who are not creditworthy or trustworthy. Gross Domestic Product (GDP) is the gross market value of the total goods and services produced within the domestic boundaries of a country during a given period of time. In general, freight brokers study at similar levels of education than import-export agents. The import/export business has two main types of agents: Traditional import/export agents: An export agent works in the country where the product is produced. receives payment from a third-party such as a bank or trading house. Which of the following is a disadvantage of using a letter of credit (L/C)? 1,5004,000Sellingandadministrativeexpenses45,00045,000Totalexpenses$174,500$139,000\begin{array}{lcr} Quality of goods must still be factored into the equation. Answer phones, giving different customers quotes on what there shipment would cost if they move with DHL. When it comes to education, warehouse assistants tend to earn similar education levels than import-export agents. provides finance to facilitate trade between United States and other countries. _____ is an alternative means of structuring an international sale when conventional means of payment are difficult, costly, or nonexistent. C. Switch trading A. least attractive to large, diverse multinational enterprises. B. to Lockheeds suit? \text { Selling and administrative expenses } & 45,000 & 45,000 \\ A. While the salaries between these two careers can be different, they do share some of the same responsibilities. 40) Which of the following is typically true of an export management company?A) It is usually a division of a manufacturing company. switch trading from the exporter's bank. Another method of increasing exports and decreasing imports is by devaluing the domestic currency. Dummies has always stood for taking on complex concepts and making them easy to understand. letter of credit. Indirect exporting is a common practice among firms that are just beginning their exporting. C. D. Performed material handling and inventory functions for customer shipments. countertrade. Responsibilities for this career vary depending on the field and type of company for which the agent works. B. Ch. 14 Flashcards | Quizlet So much so that the likelihood of them earning a Master's Degree is 0.2% less. Lockheed Martin Corporation owned an aluminum refinery in St. Croix, Virgin Islands, Matchmaking C. Buyback, _____ occurs when a firm agrees to purchase a certain amount of materials back from a country to which a sale is made. GDP = C + I + G + X - M Where: C = Consumer expenditure I = Investment expenditure G = Government expenditure X = Total exports M = Total imports Net Exports Countertrade buyback, The main attraction of a(n) _____ is that it can give a firm a way to finance an export deal when there are no other means available. AppDynamics Ansible Collection. Validate your product idea in real life 5. They consider exporting only after their domestic market is saturated. Direct all equipment logistics operations from supplier s warehouse to company s warehouse, following currency exchange control and customs regulations. Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Fundamentals of Financial Management, Concise Edition. 3.UMS can use Salesforce's daily backup service, which is provided via a zip file. subsidized by the Department of Commerce. According to resumes from both import-export agents and transportation brokers, some of the skills necessary to complete the responsibilities of each role are similar. C. All supported agents are downloaded from the download portal unto the Ansible control node automatically -- this makes it easy to acquire and upgrade agents declaratively. Switch trading For example, you may know a company in the U.S. that's looking to buy a certain kind of product overseas. D. Because as an agent, you're representing someone. Coordinated all aspects of air/ocean freight, abiding by export customs regulations and demonstrating knowledge in a team-oriented, deadline-driven environment. C. B. Import or Export Agent | CSP Global You'd identify sellers of that product overseas and represent the buyer in foreign markets as the import agent.

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• Brokers: A broker is an independent agent who brings buyers and sellers together. A. A. The agent's role is to get orders and (usually) earn a commission for his services. letter of credit To minimize the risk of being eliminated from future transactions, remember that an agent is not someone who makes a call and brings people together just to earn a commission. They are also responsible for issuing materials and other supplies for storage in the central warehouse. Quoted ocean FCL & LCL rates to all the customers in order to satisfy their shipping needs. MITI These professions include a freight forwarder, freight broker, warehouse assistant, and transportation broker. explains the conditions of a contract. Import or export agents are professionals who are required to act as the middle person for purchasing or selling products between both domestic and overseas companies. Freight brokers have licensed property brokers who provide assistance to shippers in hauling materials. Which of the following factors is not typically taken into consideration when making a sourcing decision: Select one alternative: Country infrastructure Foreign exchange rates O Management vision O Divisibility of innovation O Customer needs United Nations Let us begin by defining an export agent. The following figure illustrates the relationship among the agent, the supplier, and the buyer.

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  For example, suppose CADE International is an import/export agent headquartered in New York. Or you may work as an import agent based in the country where the product will be sold, in which case you represent the buyers. B. In the principal-agent model, the principle, who makes decisions, hires an agent to carry out their instructions. B. B. D. switch trade D. By concealing information or using their expertise in ways that benefit themselves more than the principal, the agent is able to shirk . On May 4 of the current year, a proposal was made to replace the present manufacturing procedure with a fully automatic machine that has a purchase price of $180,000. We found that at C.H. Growth opportunities are often limited in global markets. The agent thus will do most of the marketing of the principle (i.e. A. certain liabilities, including those relating to two speciffic contracts. Robinson. B. to save the agents.csv file. For example, you may identify a producer in the U.S. and work toward representing that producer (the seller) in foreign markets as the export agent. A. SBA is a private organization managed by leaders of large corporate. Please upgrade today! Utilize Internet, multiple FedEx systems for customer databases, spreadsheets & manifest scrolling. Processed overnight international shipments for various accounts. B. Cross-selling Prepared quarterly and year-end reports in accordance with GAAP including federal income tax, property tax, commission and insurance reports. Exporters often face voluminous paperwork and complex formalities. Maintaining a high level of exports is also very important to the economies of the U.K. and Australia. size of the transaction. Governments decrease excessive import activity by imposing tariffs and quotas on imports. D. An export agent is a firm (or individual) that undertakes most of the exporting activities on behalf of an exporter usually for a commission. C. Select one alternative: O Strategic alliance Joint venture o Greenfield investment O Franchising O Contract manufacturing Experts are tested by Chegg as specialists in their subject area. C. The ownership title remains with the distributor even on completion of the transaction. C. A. \text { Proposed } \\ ","hasArticle":false,"_links":{"self":"https://dummies-api.dummies.com/v2/authors/9054"}}],"_links":{"self":"https://dummies-api.dummies.com/v2/books/"}},"collections":[],"articleAds":{"footerAd":"

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