Exam 15: Global Logistics and Distribution

In global logistics and distribution, Coca-Cola's success relies largely on its global distribution arm, _____, the world's largest bottler group.

In 2018, two thirds of KFC's 900 U.K.locations were affected by a breakdown in the supply chain leading to shortages of chicken, gravy and other items.

In geographically concentrated countries, such as Japan and Britain, firms tend to incur relatively more warehousing, customer service/order entry, and general administrative costs than in geographically larger countries.

Competitive advantage refer to the mix of skills and resources that a firm possesses that enable it to produce one set of goods and/or services in a much more effective manner than another firm.

Where to source major components seems much less important than how to source them.

_____ inventories also provide a hedge against inflation because the value of the goods/parts held in inventory remains the same compared to the buying power of local currency.

The global logistics process begins with which of the following?

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

Core services are the necessary outputs of an organization that consumers are looking for.

The bulk of international trade is handled by _____.

When raw materials, components, and supplies are converted or manipulated for processing and assembly by the firm, the process is monitored and controlled by the _____ function of the firm.

Companies that outsource to the extent that they adopt a "designer role" in global competition (i.e., offer innovations in product design without investing in manufacturing process technology) have been described by some as being:

In which of the following countries are store brands marginal players because of loyalty to national or manufacturer brands?

Rationalization means reducing resources to achieve more efficient and cost-effective operations.

Outsourcing typically lowers a firm's variable costs but raises its breakeven point.

As a type of outsourcing, _____ is when a company buys major components from independent suppliers overseas.

The internet and intranet facilitate _____.

A _____ is an area that is located within a nation, but is considered outside of the customs territory of the nation.

_____ is any retailing activity that transcends national borders.

Logistics can go easily as global as e-commerce in reality.