Ch1213Quiz Crossword
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
 
 
Down: 1) A subsidiary in which the firm owns 100 percent of the stock.3) The direct exchange of goods and/or services between two parties without a cash transaction.4) The trade of goods or services for other goods or services.5) 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.7) Disadvantages associated with entering a foreign market before other international businesses.8) 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.9) 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.12) Issued by a bank, indicating that the bank will make payments under specific circumstances.13) Japan's great trading houses.15) 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.18) A draft payable on presentation to the drawee.19) A specialized form of licensing in which the franchiser sells intangible property to the franchisee and insists on rules to conduct the business.20) A promise to pay by the accepting party at some future date. Across: 2) 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.6) Sale of products produced in one country to residents of another country.10) Export specialists who act as the export marketing department for client firms.11) 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.14) A reciprocal buying agreement.16) The use of a specialized third-party trading house in a countertrade agreement.17) Establishing a firm that is jointly owned by two or more otherwise independent firms.21) 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.22) Advantages accruing to the first to enter a market.23) 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 Bank24) 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.25) 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.
 

 

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