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True or False
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1
The great promise of exporting is that large revenue and profit opportunities are to be found in foreign markets for most firms in most industries.
A)True
B)False
2
Novice exporters tend to overestimate the time to cultivate business in foreign countries
A)True
B)False
3
When it comes to Canadian exports, the most comprehensive source of information for Canadian companies is the website of the Department of Foreign Affairs.
A)True
B)False
4
One drawback of relying on export management companies is that the exporter can fail to develop its own exporting capabilities in-house
A)True
B)False
5
BDC is the name of the federal agency that provides insurance coverage for export development.
A)True
B)False
6
A letter of credit stands at the centre of most international commercial transactions.
A)True
B)False
7
EDC is the name of the federal agency that lends money for export development.
A)True
B)False
8
Drafts fall into two categories: back drafts and time drafts.
A)True
B)False
9
Countertrade is most attractive to large, diverse multinationals.
A)True
B)False
10
The five types of trading arrangements of countertrade are barter, counter purchase, trade purchase, bait-and-switch trading, and compensation or buyback.
A)True
B)False
11
An advantage of countertrade is that firms don't normally mind being paid in goods or services.
A)True
B)False





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