Some markets might be attractive, but the currency of the country might not be convertible. The exporter may either give up on that market or find alternatives. (Click to select) 2. The U.S. government provides a wealth of information and organizes trade events and market studies for exporters. (Click to select) 3. Export management companies can provide start-up assistance or act as the international trading department for firms. (Click to select) 4. If the buyer is unknown and from a different country, the firm may not trust the buyer to pay for the merchandise. The buyer may not trust the seller. (Click to select) 5. Firms may need help in financing exports, and importers might need financing to buy imports. (Click to select) 6. Many firms starting to export have limited expertise among current staff and few resources to dedicate to exporting and International trade. (Click to select) 7. The Ex-Im Bank is the US government agency that helps facilitate exports, imports, and the exchange of commodities by making financing available (Click to select) 8. Firms might accept goods or services in payment for exported goods or services. A variety of countertrade options have evolved, (Click to select) 9. A major impediment faced by firms beginning to export is lack of knowledge about markets, countries, regulations, and opportunities. (Click to select) 10. By relying on a third party trusted by both buyers, and sellers, an international transaction may be made. Banks often represent those trusted third parties. Click to select) Information needs Limited staff expertise Financing international trade Export assistance Limited payment options < Prey 5 of 21 !!! Next > Business and Government Responses to Exporting Issues The volume of export activity has increased as exporting has become easier. There are, however, many challenges new exporters must face. Modern communications and technology are tools that businesses have used and developed in response to challenges in international trade. Smaller enterprises can find the process of exporting intimidating. It can be difficult to identify opportune foreign markets, learn the mechanics and financing of exporting, and capitalize on market opportunities in countries where currency may not be convertible These same small businesses, however, have access to the tools and opportunities that have emerged that have helped other enterprises-small, medium, and large-become multinational enterprises. Match each business issue and response to its correct category. 1. Some markets might be attractive, but the currency of the country might not be convertible. The exporter may either give up on that market or find alternatives. (Click to select) 2. The U.S. government provides a wealth ofnformation and organizes trade events and market studies for exporters (Click to select) 3. Export management companies can provide start-up assistance or act as the international trading department for firms. (Click to select) 4. If the buyer is unknown and from a different country, the firm may not trust the buyer to pay for the merchandise.