Bus 410 Sperow CP Winter 2023 Midterm 1 || Errorless Answers
100%.
Three forms of International business correct answers Trade(import/export), protection and
licensing of intellectual property, and direct foreign investment
What is the main lesson in the management of international business? correct answers It is
mainly managing and reducing the level of risk
Trade correct answers Exchange of goods and services
Exporting correct answers selling products to another country
Importing correct answers buying products from another country
Trade in services correct answers refers to the providing of services to a customer or the
operation of service companies in a foreign country
direct exporting correct answers practice by which a company sells its products directly to buyers
in a target market(other country)
foreign sales representatives correct answers A person representing a company to develop
operations and sell products or offer services to customer across the globe.
foreign distributor correct answers A foreign market-based intermediary that works under
contract for an exporter, takes title to, and distributes the exporter's products in a national market
or territory, often performing marketing functions such as sales, promotion, and after-sales
service
, international trading company correct answers a company organized to carry on commerce with
foreign nations or in overseas territories.
indirect exporting correct answers selling of products to the customer in another country with the
help of an intermediary
Export Trading Companies correct answers company that provides services to indirect exporters
in addition to activities related directly to clients' exporting activities
Export Trade Certificate of Review certificate of origin correct answers an international trade
document which confirms that the product is successfully obtained and manufactured in a
specific place
Export Management Companies correct answers company that functions as a sales representative
or a wholesaler in a foreign market
Intellectual Property (IP) correct answers Ownership of innovation by an individual or business
enterprise; includes patented, trademarked, or copyrighted property.
intellectual property rights(IPR's) correct answers Rights given to creators of intellectual
property by way of copyright, patents etc.
license correct answers a limited permission for the use of a firms copyrights, trademark, or
know how
licensing agreements correct answers contracts that grant certain rights to the property holder by
the licensee
infringement, piracy, counterfeiting correct answers unauthorized copying, sale, display, or
performance of a copyrighted work
100%.
Three forms of International business correct answers Trade(import/export), protection and
licensing of intellectual property, and direct foreign investment
What is the main lesson in the management of international business? correct answers It is
mainly managing and reducing the level of risk
Trade correct answers Exchange of goods and services
Exporting correct answers selling products to another country
Importing correct answers buying products from another country
Trade in services correct answers refers to the providing of services to a customer or the
operation of service companies in a foreign country
direct exporting correct answers practice by which a company sells its products directly to buyers
in a target market(other country)
foreign sales representatives correct answers A person representing a company to develop
operations and sell products or offer services to customer across the globe.
foreign distributor correct answers A foreign market-based intermediary that works under
contract for an exporter, takes title to, and distributes the exporter's products in a national market
or territory, often performing marketing functions such as sales, promotion, and after-sales
service
, international trading company correct answers a company organized to carry on commerce with
foreign nations or in overseas territories.
indirect exporting correct answers selling of products to the customer in another country with the
help of an intermediary
Export Trading Companies correct answers company that provides services to indirect exporters
in addition to activities related directly to clients' exporting activities
Export Trade Certificate of Review certificate of origin correct answers an international trade
document which confirms that the product is successfully obtained and manufactured in a
specific place
Export Management Companies correct answers company that functions as a sales representative
or a wholesaler in a foreign market
Intellectual Property (IP) correct answers Ownership of innovation by an individual or business
enterprise; includes patented, trademarked, or copyrighted property.
intellectual property rights(IPR's) correct answers Rights given to creators of intellectual
property by way of copyright, patents etc.
license correct answers a limited permission for the use of a firms copyrights, trademark, or
know how
licensing agreements correct answers contracts that grant certain rights to the property holder by
the licensee
infringement, piracy, counterfeiting correct answers unauthorized copying, sale, display, or
performance of a copyrighted work
