which of the following is true of export agents
C. It reduces the administrative costs incurred by a company. D. Exporters often face voluminous paperwork and complex formalities. Counterpurchase They handle all activities required to move products from one country to another. & 1,500 & 4,000 \\ SCORE C. D. is a time draft that has been drawn on and accepted by a bank. B. The original cost of the machine is $60,000, the accumulated depreciation is$24,000, its remaining useful life is five years, and its residual value is negligible. D. According to resumes from both import-export agents and transportation brokers, some of the skills necessary to complete the responsibilities of each role are similar. Importers usually issue a _____ to importers in international transactions. Coordinate logistics of domestic shipments bound for Mexico. Soviet Union and the Communist states of Eastern Europe, _____ is viewed as the most restrictive countertrade arrangement. The answer is no. Why? U.S.-based corporations. from the exporter's bank. Countries vary considerably with regard to how important imports and exports, and their overall balance of trade is to their economies. For example, you may identify a producer in the U.S. and work toward representing that producer (the seller) in foreign markets as the export agent. D. The FCIA provides coverage against commercial risks and political risks. Take inbound and outbound telephone calls, Utilize computer software i.e. Handled all facets of work associated with incoming customer cargo calls, including booking, tracking and tracing cargo. Maintaining a high level of exports is also very important to the economies of the U.K. and Australia. D. An offset actions against the current and former owners of the refinery to ", Each job requires different skills like "data entry," "booking," "export," and "import export," which might show up on an import-export agent resume. \text { Total expenses } & \$ 174,500 & \$ 139,000 \\ The Export-Import Bank: Why or why not? C. Instead, she's traditionally hired to bring together one-of-a-kind or nonrecurring deals. barter B. In general, freight brokers study at similar levels of education than import-export agents. He is president of CADE International, which provides consulting and training in international business including importing, exporting, licensing, and foreign investment. For example, you may know a company in the U.S. that's looking to buy a certain kind of product overseas. We also looked into companies who hire import-export agents from the top 100 educational institutions in the U.S. In essence the export agent becomes the exporters export department. These similarities include skills such as "customer service," "dhl," and "hazardous materials," but they differ when it comes to other required skills. B. C. Lockheed then Countertrade requires employing lawyers who specialize in these unique types of contracts. For example, the U.S. might enter into a trade agreement with Japan where Japan agrees to buy a certain amount of American-made automobiles in exchange for the U.S. increasing its imports of Japanese rice. Offset Buyback, A(n) _____ occurs when a firm supplies technology, equipment, training, or other services in a country and agrees to take a certain percentage of the resultant output as partial payment for the contract. the bank receives materials from the importer. All sales are made through the firm's domestic sales department, as there is no export department. We break down the percentage of Import-Export Agents that have these skills listed on their resume here: Maintained timely and accurate movement of freight and information while providing exceptional customer service within the Air Export Department. Most firms are familiar with the foreign market opportunities and therefore do not need to utilize proactive approaches. On the other hand, if you're representing the buyer, you have an obligation to secure the products for the buyer at the lowest possible price. Show transcribed image text Expert Answer 100% (1 rating) Answer Option 3 is correct. O Export selling is passive by nature. GDP = C + I + G + X - M Where: C = Consumer expenditure I = Investment expenditure G = Government expenditure X = Total exports M = Total imports Net Exports Some of the benefits of the agent option are the reduced start-up costs and the limited working capital you need. An import or export agent acts as a middle person for the purchase or sale of products between both domestic and overseas companies. A _____ allows for a delay in paymentnormally 30, 60, 90, or 120 days. explains the conditions of a contract. MITI Prepare documentation as master BOL, shippers export declarations, cargo release, pickups, delivery orders and others. The average resume of transportation brokers showed that they earn similar levels of education to import-export agents. bill of lading A good example of quality perception affecting imports/exports can be drawn from the wine industry. Imposing tariffs is one way a country can work to improve its balance of trade. ","hasArticle":false,"_links":{"self":"https://dummies-api.dummies.com/v2/authors/9054"}}],"_links":{"self":"https://dummies-api.dummies.com/v2/books/"}},"collections":[],"articleAds":{"footerAd":"
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