Ch1213Quiz Crossword
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
                                                  
 
 
Down: 1) Entry is early when a firm enters a foreign market before other foreign firms and late when a firm enters after other international businesses have established themselves.2) Export specialists who act as the export marketing department for client firms.3) A reciprocal buying agreement.4) A buying agreement similar to a counterpurchase, but the exporting country can then fulfill the agreement with any firm in the country to which the sale is being made.6) A draft payable on presentation to the drawee.7) A document issued to the exporter by the common carrier transporting the merchandise; it serves as a receipt, a contract, and a document of title.9) Occurs when a firm (the licensor) licenses the rights to produce its product, its production processes, or its brand name or trademark to another firm (the licensee); in return, the licensor collects a royalty fee from the licensee.10) Costs that an early entrant has to bear that a later entrant can avoid, such as the time and effort in learning the rules, failure due to ignorance, and the liability of being a foreigner.11) An order written by an exporter instructing an importer, or an importer's agent, to pay a specified amount of money at a specified time; also called a draft.13) When a firm builds a plant in a country and agrees to take a certain percentage of the plant's output as partial payment for the contract.15) Agency of the U.S. government whose mission is to provide aid in financing and facilitate exports and imports; also referred to as the Ex-Im Bank19) An order written by an exporter instructing an importer, or an importer's agent, to pay a specified amount of money at a specified time. Across: 1) A promise to pay by the accepting party at some future date.5) Disadvantages associated with entering a foreign market before other international businesses.8) Issued by a bank, indicating that the bank will make payments under specific circumstances.12) A subsidiary in which the firm owns 100 percent of the stock.14) A project in which a firm agrees to set up an operating plant for a foreign client and hand over the "key" when the plant is fully operational.16) Sale of products produced in one country to residents of another country.17) The direct exchange of goods and/or services between two parties without a cash transaction.18) Advantages accruing to the first to enter a market.20) Establishing a firm that is jointly owned by two or more otherwise independent firms.21) The use of a specialized third-party trading house in a countertrade agreement.22) The trade of goods or services for other goods or services.23) Japan's great trading houses.24) A specialized form of licensing in which the franchiser sells intangible property to the franchisee and insists on rules to conduct the business.
 

 

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