All of the following are correct about the Opening Case on Amazon's Kindle EXCEPT
a. Much of Amazon's success was attributable to Kindle being the first e-book.
b. Amazon's success in the first quarter of 2009 (a 24% increase in earnings) was attributed to the Kindle.
c. The Kindle technology is likely easily imitable and Sony already has a competitor e-reader on the market.
d. Amazon also earns a return from selling content for use on the Kindle in the form of e-books and other electronic content.
Answer: a. Much of Amazon's success was attributable to Kindle being the first e-book.
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In a typical international trade transaction, the order of activity would be which of the following?
A) The foreign buyer places an order; The domestic manufacturer ships to the buyer; The manufacturer's bank presents a draft and documents to the buyer's bank for acceptance; The buyer's bank submits payment to the manufacturer's bank. B) The domestic manufacturer ships to the buyer; The buyer's bank submits payment to the manufacturer's bank; The foreign buyer places an order; The domestic manufacturer ships to the buyer; The manufacturer's bank presents a draft and documents to the buyer's bank for acceptance. C) The foreign buyer places an order; The manufacturer's bank presents a draft and documents to the buyer's bank for acceptance; The domestic manufacturer ships to the buyer; The buyer's bank submits payment to the manufacturer's bank. D) The domestic manufacturer ships to the buyer; The manufacturer's bank presents a draft and documents to the buyer's bank for acceptance; The foreign buyer places an order; The buyer's bank submits payment to the manufacturer's bank.