What is the first step in locating foreign markets?
A. Preparing an export marketing plan.
B. Identifying international agents.
C. Identifying international distributors.
D. Determining whether there is a need for the firm's products.
E. Hiring a customs broker.
Answer: D
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Jargon has two meanings. One meaning is using familiar words ______________
a. incorrectly b. to describe familiar things c. in unfamiliar ways d. too often
Which of the following is true of an assignment of a right?
A) Unconditional assignment of a contract right retains all the assignor's rights. B) The obligor is entitled to performance from the assignor. C) The assignor loses the right to sue the obligor directly for nonperformance in an unconditional assignment. D) The obligor cannot raise personal defenses against the assignee.
Assume the U.S. has granted "most-favored nation" status to Holland. This means that the tariff on Dutch imported tobacco must be at least as low as that charged on tobacco from any other nation
a. True b. False Indicate whether the statement is true or false
Reasons for creating administrative agencies include:
a. Congress lacks the time to address all of the areas that it controls. b. Congress lacks the necessary expertise in all of the areas it controls. c. Congress does not have the power to regulate certain areas. d. Both that Congress lacks the time to address all of the areas that it controls and that Congress lacks the necessary expertise in all of the areas it controls.