A. D. Kim Kwon Digital Components Company assembles circuit boards by using a manually operated machine to insert electronic components. He is president of CADE International, which provides consulting and training in international business including importing, exporting, licensing, and foreign investment. D. Which of the following is true of the distribution process? It is not attractive to small organizations. B. & \begin{array}{c} Specialize - choose your sector and products 4. The SBA employs trade officers throughout the United States. Maintaining a high level of exports is also very important to the economies of the U.K. and Australia. In many countries including the United States, a person must pass a customs broker exam to be licensed to operate in that country. They rarely offer warehousing facilities. C. most attractive to small, primarily domestic enterprises. Analyze documentation to determine the applicability of other government agencies requirements' and collect the necessary information to make proper declarations. In a settlement, Lockheed agreed to pay for certain remediation costs. Prepare a differential analysis dated May 4 to determine whether to continue with (Alternative 1) or replace (Alternative 2) the old machine. 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). O Export selling is passive by nature. C. to save the agents.csv file. They consider exporting only after their domestic market is saturated. However, an agent does not take title to the goods and provides fewer services than a distributor does. 2.UMS can use Salesforce's weekly or monthly backup service, which is provided via a zip file. Offset Foreign borrowers The skills they must acquire include road transportation, packing, stocking, loading, shipping, and general labor. A(n) _____ can help new exporters identify opportunities and avoid common pitfalls. exporter should obtain a letter of credit to initiate transactions. the bank promises to pay on the importer's behalf. Obviously, drawing a commission from both parties would create an ethical dilemma. Handle all facets of work associate with incoming customer cargo calls, including booking, tracking and tracing cargo. They are intimidated by the complexities and mechanics of exporting to countries where business practices, language, culture, legal systems, and currency are very different from the home market. Countertrade is not useful when trading with developing nations. C. trustee, A _____ is simply an order written by an exporter instructing an importer, or an importer's agent, to pay a specified amount of money at a specified time. He is president of CADE International, which provides consulting and training in international business including importing, exporting, licensing, and foreign investment. ","strippedTitle":"what is an import/export agent? B. 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. drawee C. And at The IMA Group, they make an average salary of $46,964. E. It reduces paperwork and complex formalities. Counterpurchase A. To allow U.S. companies to bypass tax laws with respect to international trading. It helps in easy currency conversion. _____ is a nationwide group of international trade attorneys who provide free initial consultations to small businesses on export-related matters. is the same as a letter of credit. D. Reactive firms consider a variety of markets for selling their products and services. The Export-Import Bank: A. Governments provide subsidies to domestic businesses in order to reduce their business costs. B. switch trade. C. actions against the current and former owners of the refinery to European Union The answer is no. 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. B. The following figure illustrates the relationship among the agent, the supplier, and the buyer. While looking through the resumes of several import-export agents and warehouse assistants we discovered that both professions have similar skills. B. D. For example, you may know a company in the U.S. that's looking to buy a certain kind of product overseas. A. Build a professional import-export agent resume in minutes. We have detailed the most important import-export agent responsibilities below. ","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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