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  3. Financial Risks Several types of financial risk are encountered in international marketing; the major problems include commercia

Financial Risks Several types of financial risk are encountered in international marketing; the major problems include commercia

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问题 Financial Risks
Several types of financial risk are encountered in international marketing; the major problems include commercial, political, and foreign exchange risk.
(46)They include solvency, default, or refusal to pay bills. The major risk, however, is competition which can only be dealt with through consistently effective management and marketing.(47)Such risk is encountered when a controversy arises about the quality of goods delivered, a dispute over contract terms, or any other disagreement over which payment is withheld. One company, for example, shipped several hundred tons of dehydrated potatoes to a distributor in Germany.(48)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, and restriction or cancellation of import licenses.
(49)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 political risk, so marketers must be prepared to assume them or give up doing business in a particular market.
Exchange-rate fluctuations inevitably cause problems, but for many years, most firms could take protective action to minimize their unfavorable effects.(50)International Business Machine Corporation, for example, reported that exchange losses resulted in a dramatic 21.6 percent drop in their earnings in the third quarter of 1981. Before rates were permitted to float, devaluations of major currencies were infrequent and usually could be anticipated, but exchange-rate fluctuations in the float system are daily affairs.

A  Political risk is an environmental concern for all businesses.
B  One unique risk encountered by the international marketer involves financial adjustments.
C  Commercial risks are handled essentially as normal credit risks encountered in day-to-day business1.
D  The distributor tested the shipment and declared it to be below acceptable taste and texture standards.
E  Floating exchange rates of the world’s major currencies have forced all marketers to be especially aware of exchange-rate fluctuations and the need to compensate for them in their financial planning.
F   Many international marketers go bankrupt each year because of exchange-rate fluctuation.
选项
答案D
解析 本句和前一句举例说明因产品质量争议而引起的所谓国际市场独有的商业风险。本句主语The distributor指的就是上句中出现的a distributor in Germany，这里 distributor通过重复在句子之间起到了衔接作用。
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