2023年职称英语考试补全短文练习题(9)-补全短文.docx
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1、2023年职称英语考试补全短文练习题(9)|补全短文职称英语网权威发布2023年职称英语考试补全短文练习题(9),更多2023年职称英语考试补全短文练习题(9)相关信息请访问职称英语考试网。Financial RisksSeveral types of financial risk are encountered in international marketing;the major problems include commercial,political,and foreign exchange risk.Commercial risks are handled essentially
2、as normal credit risks encountered in day-to-day business. They include solvency,default,or refusal to pay bills. The major risk,_1_ which can only be dealt with through consistently effective management and marketing. One unique risk encountered by the international marketer involves financial adju
3、stments. Such risk is encountered when a controversy arises about the quality of goods delivered,a dispute over contract terms,or_2_. One company,for example,shipped several hundred tons of dehydrated potatoes to a distributor in Germany. The distributor tested the shipment and declared it to be bel
4、ow acceptable taste and texture standards. The alternatives for the exporter were reducing the price,reselling the potatoes,or shipping them home again,each involving considerable cost.Political risk relates to the problems of war or revolution,currency inconvertibility,expropriation or expulsion,an
5、d restriction or cancellation of import licenses. Political risk is an environmental concern for all businesses. Management information systems and effective decision-making processes are the best defenses against political risk. As many companies have discovered,sometimes there is no way to avoid p
6、olitical risk,_3_.Exchange-rate fluctuations inevitably cause problems,but for many years,most firms could take protective action to minimize their unfavorable effects. Floating exchange rates of the worlds major currencies have forced all marketers _4_. International Business Machine Corporation,fo
7、r example,reported that exchange losses resulted in a dramatic 21.6 percent drop in their earnings in the third quarter of 1981. _5_,devaluations of major currencies were infrequent and usually could be anticipated,but exchange-rate fluctuations in the float system are daily affairs.Exercise:A to be
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