Chap 7 (gap filling)

Smaller firms, like larger ones, export to increase (1) ____________. Large multinationals export to serve markets where they have no (2) ___________ plants or where the local plant does not produce all the (3) _____________. Some host governments require an affiliate to export, and many firms export to remain competitive in the (4) _____________. Exporting is also an inexpensive way to test foreign markets.

One pricing area of concern for many firms beginning to export is the need to quote (5) ___________ that differ from those used in (6) _____________. For foreign transactions, the exporter needs to be familiar with (7) _____________, 13 trade terms that describe the (8)_____________ of the buyer and seller in international trade. They were created by the International Chamber of Commerce and are revised every 10 years.

1 is

Smaller firms, like larger ones, export to increase (1) ____________. Large multinationals export to serve markets where they have no (2) ___________ plants or where the local plant does not produce all the (3) _____________. Some host governments require an affiliate to export, and many firms export to remain competitive in the (4) _____________. Exporting is also an inexpensive way to test foreign markets.

One pricing area of concern for many firms beginning to export is the need to quote (5) ___________ that differ from those used in (6) _____________. For foreign transactions, the exporter needs to be familiar with (7) _____________, 13 trade terms that describe the (8)_____________ of the buyer and seller in international trade. They were created by the International Chamber of Commerce and are revised every 10 years.

2 is

Smaller firms, like larger ones, export to increase (1) ____________. Large multinationals export to serve markets where they have no (2) ___________ plants or where the local plant does not produce all the (3) _____________. Some host governments require an affiliate to export, and many firms export to remain competitive in the (4) _____________. Exporting is also an inexpensive way to test foreign markets.

One pricing area of concern for many firms beginning to export is the need to quote (5) ___________ that differ from those used in (6) _____________. For foreign transactions, the exporter needs to be familiar with (7) _____________, 13 trade terms that describe the (8)_____________ of the buyer and seller in international trade. They were created by the International Chamber of Commerce and are revised every 10 years.

3 is

Smaller firms, like larger ones, export to increase (1) ____________. Large multinationals export to serve markets where they have no (2) ___________ plants or where the local plant does not produce all the (3) _____________. Some host governments require an affiliate to export, and many firms export to remain competitive in the (4) _____________. Exporting is also an inexpensive way to test foreign markets.

One pricing area of concern for many firms beginning to export is the need to quote (5) ___________ that differ from those used in (6) _____________. For foreign transactions, the exporter needs to be familiar with (7) _____________, 13 trade terms that describe the (8)_____________ of the buyer and seller in international trade. They were created by the International Chamber of Commerce and are revised every 10 years.

4 is

Smaller firms, like larger ones, export to increase (1) ____________. Large multinationals export to serve markets where they have no (2) ___________ plants or where the local plant does not produce all the (3) _____________. Some host governments require an affiliate to export, and many firms export to remain competitive in the (4) _____________. Exporting is also an inexpensive way to test foreign markets.

One pricing area of concern for many firms beginning to export is the need to quote (5) ___________ that differ from those used in (6) _____________. For foreign transactions, the exporter needs to be familiar with (7) _____________, 13 trade terms that describe the (8)_____________ of the buyer and seller in international trade. They were created by the International Chamber of Commerce and are revised every 10 years.

5 is

Smaller firms, like larger ones, export to increase (1) ____________. Large multinationals export to serve markets where they have no (2) ___________ plants or where the local plant does not produce all the (3) _____________. Some host governments require an affiliate to export, and many firms export to remain competitive in the (4) _____________. Exporting is also an inexpensive way to test foreign markets.

One pricing area of concern for many firms beginning to export is the need to quote (5) ___________ that differ from those used in (6) _____________. For foreign transactions, the exporter needs to be familiar with (7) _____________, 13 trade terms that describe the (8)_____________ of the buyer and seller in international trade. They were created by the International Chamber of Commerce and are revised every 10 years.

6 is

Smaller firms, like larger ones, export to increase (1) ____________. Large multinationals export to serve markets where they have no (2) ___________ plants or where the local plant does not produce all the (3) _____________. Some host governments require an affiliate to export, and many firms export to remain competitive in the (4) _____________. Exporting is also an inexpensive way to test foreign markets.

One pricing area of concern for many firms beginning to export is the need to quote (5) ___________ that differ from those used in (6) _____________. For foreign transactions, the exporter needs to be familiar with (7) _____________, 13 trade terms that describe the (8)_____________ of the buyer and seller in international trade. They were created by the International Chamber of Commerce and are revised every 10 years.

7 is

Smaller firms, like larger ones, export to increase (1) ____________. Large multinationals export to serve markets where they have no (2) ___________ plants or where the local plant does not produce all the (3) _____________. Some host governments require an affiliate to export, and many firms export to remain competitive in the (4) _____________. Exporting is also an inexpensive way to test foreign markets.

One pricing area of concern for many firms beginning to export is the need to quote (5) ___________ that differ from those used in (6) _____________. For foreign transactions, the exporter needs to be familiar with (7) _____________, 13 trade terms that describe the (8)_____________ of the buyer and seller in international trade. They were created by the International Chamber of Commerce and are revised every 10 years.

8 is

In recent years, two new types of export financing have been developed, (9) _____________ and (10) _____________. The first type permits the exporter to be more competitive by selling on open account rather than by means of the more costly (11) _____________ method. This financing technique is the sale of export accounts receivable to a (12) ____________, which assumes the credit risk. The second type is the purchase of obligations that arise from the sale of goods and services that fall due at some date beyond the 90 to 180 days. These receivables are usually in the form of trade drafts or promisory notes with (13) _____________ ranging from six months to five years.

9 is

In recent years, two new types of export financing have been developed, (9) _____________ and (10) _____________. The first type permits the exporter to be more competitive by selling on open account rather than by means of the more costly (11) _____________ method. This financing technique is the sale of export accounts receivable to a (12) ____________, which assumes the credit risk. The second type is the purchase of obligations that arise from the sale of goods and services that fall due at some date beyond the 90 to 180 days. These receivables are usually in the form of trade drafts or promisory notes with (13) _____________ ranging from six months to five years.

10 is