GB 370 UNIT 4 EXAM QUESTIONS AND ANSWERS

GB 370 UNIT 4 EXAM QUESTIONS
ANSWERS
Globalbqefficienciesbq-bqANSWERS--locationbqefficiencies
economiesbqofbqscale
economiesbqofbqscope

Locationbqefficienciesbq-bqANSWERS--seekingbqlowerbqinputbqcostbqlocations

Economiesbqofbqscalebq-bqANSWERS--largerbqfacilitiesbqresultbqinbqlowerbqcosts

Economiesbqofbqscopebq-bqANSWERS--broadeningbqproductbqlines

Multimarketbqflexibilitybq-bqANSWERS--
internationalbqbusinessesbqmaybqrespondbqtobqabqchangebqinbqonebqcountrybqbybqimpleme
ntingbqabqchangebqinbqanotherbqcountry

Worldwidebqlearningbq-bqANSWERS--
thebqdiversebqoperatingbqenvironmentsbqofbqmultinationalbqcorporationsbq(MNCs)bqcontri
butebqtobqorganizationalbqlearningbqthatbqcanbqbebqtransferredbqtobqotherbqoperatingbqenvir
onments

HomebqReplicationbq-bqANSWERS--utilizingbqabqcorebqcompetencybqorbqabqfirm-
specificbqadvantagebqdevelopedbqatbqhomebqasbqabqmainbqcompetitivebqweaponbqinbqforei
gnbqmarkets

Multi-DomesticbqStrategybq-bqANSWERS--
Managingbqabqcorporationbqasbqabqcollectionbqofbqindependentbqoperatingbqsubsidiariesbqf
reesbqabqfirmbqtobqcustomizebqitsbqproducts,bqitsbqmarketingbqcampaigns,bqandbqoperatingb
qtechniquesbqtobqmeetbqlocalbqcustomerbqneeds.



GlobalbqStrategybq-bqANSWERS--
Viewingbqthebqworldbqasbqabqsinglebqmarketplacebqandbqhavingbqasbqabqprimarybqgoalbqthebq
creationbqofbqstandardizedbqgoodsbqandbqservicesbqthatbqwillbqaddressbqthebqneedsbqofbqcu
stomersbqworldwide.

TransnationalbqStrategybq-bqANSWERS--
Attemptingbqtobqcombinebqthebqbenefitsbqofbqscalebqefficienciesbqpursuedbqbybqabqglobalbqc
orporation,bqwithbqthebqbenefitsbqandbqadvantagesbqofbqlocalbqresponsivenessbqofbqabqmult
i-domesticbqcorporation.

Tradebqgrowthbq-bqANSWERS--
aboutbqabqlittlebqlessbqthanbq4%bqincreasebqyearbqonbqyearbq(wholebqworld)

Howbqtobqbebqanbqimporterbq-bqANSWERS---alibaba.com
you'rebqabqreseller
you'rebqabqsolutionbqprovider

, you'rebqwal-mart

alibaba.combq-bqANSWERS--Youbqcanbqbuybqnearlybqanythingbqonbqthere
YoubqpaybqwithbqPayPal
Youbqshipbqitbqtobqyourbqhouse

You'rebqabqresellerbq-bqANSWERS--
YoubqsellbqthebqstockbqonbqeBaybqorbqpeddlebqitbqaroundbqtown

You'rebqabqsolutionbqproviderbq-bqANSWERS--
Youbqtalkbqtobqthebqcustomerbqinbqdepthbqaboutbqwhatbqtheybqwant,bqthenbqyoubqbuybqitbqforbq
thembq(chargebqabqmarkup)

You'rebqwal-martbq-bqANSWERS--
Youbqsetupbqanbqofficebqtherebqandbqbuybqallbqkindsbqofbqstuff

LetterbqofbqCreditbq-bqANSWERS--
isbqissuedbqbybqabqbankbqatbqthebqrequestbqofbqanbqimporterbqandbqstatesbqthebqbankbqwillbqp
aybqabqspecifiedbqsumbqofbqmoneybqtobqabqbeneficiary,bqnormallybqthebqexporter,bqonbqpres
entationbqof,bqspecifiedbqdocuments

HowbqisbqLetterbqofbqCreditbqsystembqattractivebq-bqANSWERS--
becausebqbothbqpartiesbqarebqlikelybqtobqtrustbqabqreputablebqbankbqevenbqifbqtheybqdobqnotbq
trustbqeachbqother

Howbqisbqpaymentbqmadebqinbqanbqexportbqtransaction?bq-bqANSWERS--
Mostbqexportbqtransactionsbqinvolvebqabqdraft,bqalsobqcalledbqabqbillbqofbqexchange

Abqdraftbq-bqANSWERS--
isbqanbqorderbqwrittenbqbybqanbqexporterbqinstructingbqanbqimporter,bqorbqanbqimporter'sbqag
ent,bqtobqpaybqabqspecifiedbqamountbqofbqmoneybqatbqabqspecifiedbqtime

sightbqdraftbq-bqANSWERS--abqdraftbqpayablebqonbqpresentationbqtobqthebqdrawee

timebqdraftbq-bqANSWERS--allowsbqforbqabqdelaybqinbqpaymentbq-
bqnormallybq30,bq60,bq90,bqorbq120bqdays



BillbqofbqLadingbq-bqANSWERS--
isbqissuedbqtobqthebqexporterbqbybqthebqcommonbqcarrierbqtransportingbqthebqmerchandise

BobbqgivesbqjimbqthebqexporterbqabqBillbqofbqLading.bqWhatbqarebqthebq3bqpurposesbqofbqabqBi
llbqofbqLadingbq-bqANSWERS--itbqisbqabqreceiptit
bqisbqabqcontract

isbqabqdocumentbqofbqtitle

U.S.bqexportersbqcanbqdrawbqonbqtwobqformsbqofbqgovernment-
backedbqassistancebqtobqhelpbqtheirbqexportbqprogramsbq-bqANSWERS--
theybqcanbqgetbqfinancingbqaidbqfrombqthebqExport-ImportbqBank
theybqcanbqgetbqexportbqcreditbqinsurancebqfrombqthebqForeignbqCreditbqInsurancebqAssoci
ation