32. Exporting is nearly always a way to increase the revenue and profit base of

ID: 1223262 • Letter: 3

Question

32. Exporting is nearly always a way to increase the revenue and profit base of a company because:

A. there is little competition in the international market.

B. foreign governments encourage imports from other countries.

C. international markets are less complex than their domestic counterparts.

D. the international market is much larger than the domestic market.

E. it does not involve wasting resources on paperwork.

33. Which of the following is a function of an export management company?

A. It starts exporting operations for a firm with the understanding that the firm will take over operations after they are well established.

B. It coordinates the Export Legal Assistance Network, a nationwide group of international trade attorneys.

C. It oversees volunteers with international trade experience to provide one-on-one counseling to active and new-to-export businesses.

D. It collects duties on exported products and sets interest rates for charging foreign investors.

E. It gives novice exporters the names and addresses of potential distributors in foreign markets along with businesses they are in.

15. Which of the following refers to the gold standard?

A. Pegging currencies to gold and guaranteeing convertibility

B. Conducting international trade by physically exchanging gold

C. The most valuable currency in the world at any given point in time

D. The common global standard of gold quality to be maintained

E. The quality of merchandise to be maintained for it to be exportable

32. D is Correct, International Markets are big in Size

33. C is Correct, It employs people with good international experience and use them to provide counselling to the one's who are new to export.

34. A is Correct

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