Thomas Bernerd,Inc

question 39

Multiple Choice

Thomas Bernerd,Inc.Thomas Bernerd,Inc.,manufactures and sells reclining furniture.The company currently operates in the United States but wishes to expand overseas.The company managers have been contemplating the best way to enter the foreign market.At first,the management felt it would be in the company's best interest to let a foreign company use its product and brand in exchange for a royalty.The managers recognized,however,that before the company decided on its foreign strategy it needed to think through all the steps required to enter an international market.As such,the managers believed they needed to consult with some type of agency to help their firm compete more effectively in the global marketplace.After all the research was completed,the senior managers realized that they wanted to export their product.The managers decided that the transport carrier would notify them when the merchandise was shipped.This would avoid any confusion about lost shipments and ensure better communication with the receiving parties.
-Refer to Thomas Bernerd,Inc.When the transport carriers notify the exporter that the product has been shipped,they use a

• A) bill of lading.
• B) receipt.
• C) letter of credit.
• D) draft.
• E) shipping verification.

---

Definitions:

Junípero Serra

A Roman Catholic Spanish priest and friar of the Franciscan Order who founded several missions in what is now California during the 18th century.

Missionary Work

Religious or humanitarian efforts undertaken by individuals or organizations to spread their faith or provide aid and education in various communities around the world.

Catholic Church

The largest Christian church, with the Pope as its spiritual leader, adhering to a rich tradition of liturgy, theology, and arts.

Seven Years' War

A global conflict fought between 1756 and 1763, involving most of the great powers of the time and affecting Europe, North America, Central America, West Africa, India, and the Philippines.