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<strong>MKT</strong> <strong>320</strong> <strong>Quiz</strong> 8<br />
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<strong>MKT</strong> <strong>320</strong> <strong>Quiz</strong> 8<br />
This quiz consist of 15 multiple choice questions and covers the material in Chapter 14<br />
1. _____ system differentiates between domestic and export prices.<br />
2. Which of the following provides the exporter with a complete financial package that combines credit<br />
protection, accounts-receivable bookkeeping, and collection services to take away many of the challenges<br />
that come with doing business overseas?<br />
3. Free on board (FOB):<br />
4. In first-time pricing, the objective of _____ is to achieve the highest possible contribution in a short<br />
time period.<br />
5. Cost-driven and market-driven approaches to pricing products for export are associated with:<br />
6. What are the two forms of risk which might affect an export transaction?<br />
7. _____ pricing calls for pricing exports according to the dynamic conditions of the marketplace.<br />
8. According to the new rules drawn by the ICC, all letters of credit are considered _____ unless<br />
otherwise stated.<br />
9. Under _____ to a named overseas port of import, the seller quotes a price for the goods including the<br />
cost of transportation to the named port of debarkation. The cost of insurance and the choice of insurer<br />
are left to the buyer.<br />
10. _____ pricing is set regardless of the buyer or may be based on average unit costs of fixed,<br />
variable, or export-related costs.<br />
11. Which of the following allows an exporter to be refunded up to 99 percent of duties paid on<br />
imported goods when they are incorporated in articles that are subsequently exported within five years of<br />
the importation?<br />
12. _____ is a form of barter aimed at reducing the effect of the immediacy of the transaction.<br />
13. Which of the following is considered as an external factor in setting the export price?<br />
14. _____ is a compensation arrangement where one party agrees to supply technology or<br />
equipment that enables the other party to produce goods with which the price of the supplied products or<br />
technology is repaid.<br />
15. Destination-specific adjustment of markups in response to exchange-rate changes are<br />
referred to as:
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