Nash & Associates is a firm that takes care of all export procedures on behalf of its clients. In exchange for a fee, the firm acts as the liaison between domestic manufacturers and prospective foreign buyers
It has access to established distribution networks in other countries that domestic small-scale producers are unlikely to have, and facilitates communication between foreign importers and domestic producers. Nash & Associates is most likely a(n) ________.
A) domestic-based export merchant
B) domestic-based export agent
C) cooperative organization
D) export-management company
E) direct exporter
B
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Economic theory suggests that rational customers will collect information only to the point at which:
A) the marginal benefit of obtaining the information in terms of incremental value to making a choice equals the marginal cost. B) the total benefit of obtaining the information equals the total cost after purchasing the product. C) they can no longer pay for syndicated information. D) the marginal benefit of obtaining the information in terms of incremental value to making a choice is less than the marginal cost.
Service organizations do not develop standards for
a. any service costs. b. overhead. c. direct materials. d. labor.
Purpose has a critical role in which of the following self-leadership strategies?
a. Self-goal-setting and constructive thoughts b. Natural rewards, self-goal setting, and constructive thoughts c. Constructive thoughts and natural rewards d. Self-goal setting and natural rewards
Which of the following is the most accurate description of a direct competitor for a firm?
A) a firm that sells complementary goods or services B) a firm that offers identical goods or services to another market C) a firm that sells similar, but not identical, goods or services D) a firm that offers identical goods or services to the same market