MKT 310 Chapter Notes - Chapter 14: Keiretsu, Ministry Of International Trade And Industry, Common Carrier
Document Summary
Miti: japa(cid:374)"s (cid:373)i(cid:374)istry of i(cid:374)ter(cid:374)atio(cid:374)al trade a(cid:374)d i(cid:374)dustry. Sogo shosha: japanese trading companies; a key part of the keiretsu, the large japanese industrial groups. Export management company (emc): export specialists who act as an export marketing department for client firms: export strategy. An order written by an exporter instructing an importer, or an i(cid:373)porter"s age(cid:374)t, to pay a spe(cid:272)ified a(cid:373)ou(cid:374)t of (cid:373)o(cid:374)ey at a specified time. Sight draft: a draft payable on presentation to the drawee. Time draft: a promise to pay by the accepting party at some future date: bill of lading. A document issued to an exporter by a common carrier transporting merchandise. It serves as a receipt, a contract, and a document of title: a typical international trade transaction. Export-import bank (ex-im bank): agency of the united states government whose mission is to provide aid in financing and facilitate exports and imports: export credit insurance.
