MAN 3600 Unit 9 mini–Questions and Correct Verified Answers.

MAN 3600 Unit 9 mini–Questions and
Correct Verified Answers.
In an export quote, the seller agreed to be responsible for the shipment of goods to the dock of
a port in the buyer (importer)'s country EXCLUDING the costs of ocean shipping insurance.
Which of the following incoterms do the seller and buyer use?



CFR

CIF

FAS

FOB

None of the above - Answer CFR



In the beginning of international venture, a firm most likely experience_____________:



increasing risk and decreasing profits

decreasing risk and increasing profits

decreasing both risk and profits

increasing both risk and profits

constant risk and profits - Answer increasing risk and decreasing profits



The level of control a firm is seeking when deciding the mode of foreign market entry is
___________.



management factor

an internal factor

an external factor

environmental factor

None of the above - Answer management factor



As a type of countertrade, ________________ requires the seller to agree to supply technology
or equipment to construct a facility and receives payment in the form of goods produced by the