Morris lighting is a us firm that wants to start

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Business: Its Legal, Ethical, and Global Environment
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Chapter 14 / Exercise 14.3
Business: Its Legal, Ethical, and Global Environment
Jennings
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47) Morris Lighting is a U.S. firm that wants to start exporting its high-end lighting fixtures to foreign markets. Morris Lighting should seek assistance from U.S. government agencies for all of the following EXCEPT ________.A) organizing trade events that help potential exporters make foreign contacts and explore export opportunitiesB) understanding how to comply with domestic and foreign trade regulationsC) acting as an export marketing department or international department for the companyD) providing information about market demographics and product demandAnswer:
C
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Business: Its Legal, Ethical, and Global Environment
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Chapter 14 / Exercise 14.3
Business: Its Legal, Ethical, and Global Environment
Jennings
Expert Verified
48) A freight forwarder performs which of the following functions?
A49) Which of the following types of agents moves international cargo, facilitates shipment tracking, and handles product returns for exporters and importers?
B50) What is typically the most difficult aspect of an export plan for SMEs?
D51) Jordan Jewelry is a U.S. firm that designs, manufactures, and sells inexpensive jewelry and accessories. Executives at the firm believe that Jordan Jewelry could significantly increase its profitability by exporting products to foreign markets. Before engaging in international trade, Jordan executives need to develop an export plan. Which of the following questions is LEAST relevant to this activity? A) Would Jordan's resources be better utilized developing business in the United States?B) How much will it cost to get Jordan's products to the targeted markets?C) What marketing campaign would be best for Jordan's foreign markets?D) Is exporting consistent with Jordan's long-term goals?Answer: Learning Outcome: Discuss the roles of exporting, importing, and countertrade in international business
C
52) Countertrade is an alternative means of structuring an international sale when ________.
D

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