Exam 15: Global Logistics and Distribution

Goods shipped into a free trade zone in the United States from abroad are legally considered not having landed in the customs territory of the United States and thus are not subject to U.S.import tariffs.

As a branding strategy, _____ is especially attractive to MNCs that face well-entrenched incumbent brands in the markets they plan to enter.(This overcomes the problem of shelf-space denial.)

In China, basket shopping is still considered the norm for most consumers.

In Japan, private-label brands are very popular.

The traditional logistics strategy involves _____ based on forecasting and inventory speculation.

The Sony brand has been highly successful with outsourcing.

Despite the immense competitive advantage that logistics can generate for the organization, manufacturers often find that logistics operations are usually faster and less expensive if they are outsourced.

The _____ is determined by how much value is added to the materials used in the product.

The primary forms of ocean shipping include all of the following except:

_____ refers to the means of keeping continuous tabs on the exact location of the goods being shipped in the logistics chain.

All of the following are activities that occur during physical distribution except:

As a type of in sourcing, _____ is when a company procures major components in-house by producing them domestically.

In the United States, a free trade zone is officially called a Free Foreign Zone

_____ refers to the movement of the firm's finished products to its customers, consisting of transportation, warehousing, inventory, customer service/order entry, and admission.

_____ refers to coordinating production and distribution across geographic boundaries.

In essence, companies have two options when it comes to configuring their international distribution systems.A firm may decide to sell directly to its customers in a foreign market by using its own local salesforce or through the internet or:

If it takes place at a company's foreign subsidiary, it is called domestic insourcing.

The bulk of international trade is handled by airlines.

In intermodal transportation, only one type of transportation is employed.

Information technology, electronic data interchange, and intermodal transportation have made _____ a reality in physical distribution.