Podcast
Questions and Answers
What is the great promise of exporting according to the text?
What is the great promise of exporting according to the text?
- Opportunities for fast global expansion
- Reduced operational costs through exporting
- Large revenue and profit opportunities in foreign markets (correct)
- Access to unique technology in foreign markets
How can exporting enable a firm to achieve economies of scale?
How can exporting enable a firm to achieve economies of scale?
- By expanding the firm's domestic market share
- By lowering its unit costs (correct)
- By increasing unit costs
- By reducing competition in foreign markets
What are some of the difficulties exporters often face?
What are some of the difficulties exporters often face?
- High demand in foreign markets
- Minimal delays and errors in the export process
- Voluminous paperwork and complex formalities (correct)
- Low competition in the export market
Why do firms that do not export often lose out on significant opportunities according to the text?
Why do firms that do not export often lose out on significant opportunities according to the text?
What is one potential benefit of exporting highlighted in the text?
What is one potential benefit of exporting highlighted in the text?
How can exporting help in increasing the revenue and profit base of a company?
How can exporting help in increasing the revenue and profit base of a company?
What is one of the learning objectives of Chapter 9 regarding the foreign exchange market?
What is one of the learning objectives of Chapter 9 regarding the foreign exchange market?
During what period did the yuan experience significant fluctuations against the U.S. dollar according to the text?
During what period did the yuan experience significant fluctuations against the U.S. dollar according to the text?
What specific lesson did Chinese businesses learn due to the fluctuating value of the yuan?
What specific lesson did Chinese businesses learn due to the fluctuating value of the yuan?
Which exposure type is mentioned in Chapter 1 Slide 2 as a key concept relating to foreign exchange markets?
Which exposure type is mentioned in Chapter 1 Slide 2 as a key concept relating to foreign exchange markets?
What is one key topic covered in Chapter 9 regarding currency exchange rates?
What is one key topic covered in Chapter 9 regarding currency exchange rates?
What is a common factor causing fluctuations in currency values?
What is a common factor causing fluctuations in currency values?
What percentage of the final value of goods exported is typically spent on preparing documentation?
What percentage of the final value of goods exported is typically spent on preparing documentation?
Which of the following is NOT a common problem faced in export transactions?
Which of the following is NOT a common problem faced in export transactions?
Which country has a well-developed institutional structure for international trade like Japan and Germany?
Which country has a well-developed institutional structure for international trade like Japan and Germany?
What type of information sources are Canadian companies increasingly using to be aware of international business opportunities?
What type of information sources are Canadian companies increasingly using to be aware of international business opportunities?
How many parties are typically involved in a typical export transaction?
How many parties are typically involved in a typical export transaction?
In an export transaction, how many original documents are often involved?
In an export transaction, how many original documents are often involved?
Flashcards are hidden until you start studying
