Question 1

Which of the following statements about third-party logistics is true?

Accepted Answer

A)  Firms will be able to maintain higher levels of control if they outsource their logistics operations to third parties. 
B)  Third-party logistics provide logistics services at very high costs. 
C)  Third-party logistics usually provide low-quality services. 
D)  Third-party logistics providers have the knowledge and means to perform efficient and innovative services for firms. 
A)  Firms will be able to maintain higher levels of control if they outsource their logistics operations to third parties. 
B)  Third-party logistics provide logistics services at very high costs. 
C)  Third-party logistics usually provide low-quality services. 
D)  Third-party logistics providers have the knowledge and means to perform efficient and innovative services for firms. D

Question 2

The purpose of the _____ concept is to minimize the firm's overall logistics cost within the entire system.

Accepted Answer

A)  aggregation 
B)  total cost 
C)  inert 
D)  trade-off 
A)  aggregation 
B)  total cost 
C)  inert 
D)  trade-off B

Question 3

The expense of maintaining inventories is called _____.

Accepted Answer

A)  inventory sunk costs 
B)  inventory marginal costs 
C)  inventory carrying costs 
D)  inventory opportunity costs 
A)  inventory sunk costs 
B)  inventory marginal costs 
C)  inventory carrying costs 
D)  inventory opportunity costs C

Question 4

The responsibility for appropriate packaging rests with the _____ of goods.

Accepted Answer

A)  freight forwarder 
B)  shipper 
C)  carrier 
D)  consignee 
A)  freight forwarder 
B)  shipper 
C)  carrier 
D)  consignee

Question 5

Why are reverse distribution systems important?

Accepted Answer

By using logistics,the international mar

Question 6

Which of the following minimizes the volume of inventory by making it available only when it is needed for the production process?

Accepted Answer

A)  Lean manufacturing 
B)  Total productive maintenance 
C)  Just-in-time 
D)  Six Sigma 
A)  Lean manufacturing 
B)  Total productive maintenance 
C)  Just-in-time 
D)  Six Sigma

Question 7

Hybrid channels differ from dual channels in that hybrid channels:

Accepted Answer

A)  have one tier of distributors and resellers. 
B)  use a single channel to enhance sales performance in a foreign market. 
C)  are based more on cooperation and partnership. 
D)  lead to conflicts if disagreements arise as to who is to handle a specific customer. 
A)  have one tier of distributors and resellers. 
B)  use a single channel to enhance sales performance in a foreign market. 
C)  are based more on cooperation and partnership. 
D)  lead to conflicts if disagreements arise as to who is to handle a specific customer.

Question 8

Which of the following is true about channels of distribution?

Accepted Answer

A)  Their role is limited to providing essential linkages that connect raw material suppliers with manufacturers. 
B)  They are independent agents who work to achieve individual, personal goals. 
C)  They are the partners with whom marketing efforts are planned and implemented. 
D)  They are temporary market-entry vehicles. 
A)  Their role is limited to providing essential linkages that connect raw material suppliers with manufacturers. 
B)  They are independent agents who work to achieve individual, personal goals. 
C)  They are the partners with whom marketing efforts are planned and implemented. 
D)  They are temporary market-entry vehicles.

Question 9

Identify the reasons for the termination of a channel relationship.

Accepted Answer

Many reasons exist for the termination o

Question 10

In managing channel relationships,vertical trading restrictions result from:

Accepted Answer

A)  geographic separation. 
B)  separate ownership. 
C)  cultural separation. 
D)  different rules of law. 
A)  geographic separation. 
B)  separate ownership. 
C)  cultural separation. 
D)  different rules of law.

Question 11

Which of the following is a factor that determines channel design?

Accepted Answer

A)  Documentation required 
B)  Competition involved 
C)  Transport modes chosen 
D)  Level of inventory stocked 
A)  Documentation required 
B)  Competition involved 
C)  Transport modes chosen 
D)  Level of inventory stocked

Question 12

The use of intermediaries will automatically lead to loss of some control over the marketing of the firm's products.

Accepted Answer

A) True 
 B)False

Question 13

The responsibility for appropriate packaging in logistics rests with the shipper of goods.

Accepted Answer

A) True 
 B)False

Question 14

How can inventory be used as a strategic tool? Give an example.

Accepted Answer

International inventories can be used by

Question 15

The connections made by marketing institutions are unidirectional and flow downward from the producer.

Accepted Answer

A) True 
 B)False

Question 16

The period between departure and arrival of a carrier is called the _____.

Accepted Answer

A)  waiting time 
B)  transit time 
C)  transfer time 
D)  lag time 
A)  waiting time 
B)  transit time 
C)  transfer time 
D)  lag time

Question 17

Which of the following acts as an agent for the marketer in moving cargo to an overseas destination?

Accepted Answer

A)  International customs broker 
B)  International freight forwarder 
C)  Consignee 
D)  Stevedore 
A)  International customs broker 
B)  International freight forwarder 
C)  Consignee 
D)  Stevedore

Question 18

Agents have more freedom of movement than distributors.

Accepted Answer

A) True 
 B)False

Question 19

Close collaboration with customers is required in order to develop a just-in-time inventory system.

Accepted Answer

A) True 
 B)False

Question 20

The shipper's export declaration:

Accepted Answer

A)  may be a negotiable instrument in that it may be endorsed to other parties or may be nonnegotiable. 
B)  acknowledges receipt of the goods, represents the basic contract between the shipper and the carrier, and serves as evidence of title to the goods for collection by the purchaser. 
C)  is the most important document to the shipper, the carrier, and the buyer. 
D)  is a document that states proper authorization for export and serves as a means for governmental data-collection efforts. 
A)  may be a negotiable instrument in that it may be endorsed to other parties or may be nonnegotiable. 
B)  acknowledges receipt of the goods, represents the basic contract between the shipper and the carrier, and serves as evidence of title to the goods for collection by the purchaser. 
C)  is the most important document to the shipper, the carrier, and the buyer. 
D)  is a document that states proper authorization for export and serves as a means for governmental data-collection efforts.

Which of the following statements about third-party logistics is true?

The purpose of the _____ concept is to minimize the firm's overall logistics cost within the entire system.

The expense of maintaining inventories is called _____.

The responsibility for appropriate packaging rests with the _____ of goods.

Why are reverse distribution systems important?

Which of the following minimizes the volume of inventory by making it available only when it is needed for the production process?

Hybrid channels differ from dual channels in that hybrid channels:

Which of the following is true about channels of distribution?

Identify the reasons for the termination of a channel relationship.

In managing channel relationships,vertical trading restrictions result from:

Which of the following is a factor that determines channel design?

The use of intermediaries will automatically lead to loss of some control over the marketing of the firm's products.

The responsibility for appropriate packaging in logistics rests with the shipper of goods.

How can inventory be used as a strategic tool? Give an example.

The connections made by marketing institutions are unidirectional and flow downward from the producer.

The period between departure and arrival of a carrier is called the _____.

Which of the following acts as an agent for the marketer in moving cargo to an overseas destination?

Agents have more freedom of movement than distributors.

Close collaboration with customers is required in order to develop a just-in-time inventory system.

The shipper's export declaration:

Global Environmental Drivers

International Trade Frameworks and Policy

The Role of Culture

The Economic Environment

The Political and Legal Environment

Consumer,Industrial,and Government Markets

Strategic Planning

Analyzing People and Markets

Market Entry and Expansion

Marketing Organization,Implementation,and Control

Product Management and Global Brands

Global Marketing of Services

Advertising,Promotion,and Sales

Pricing Strategies and Tactics

Social Networks and Communication

Leadership,Corporate Social Responsibility,and Sustainability

New Directions and Challenges

Filters

Exam 15: Global Distribution and Logistics

Which of the following statements about third-party logistics is true?

The purpose of the _____ concept is to minimize the firm's overall logistics cost within the entire system.

The expense of maintaining inventories is called _____.

The responsibility for appropriate packaging rests with the _____ of goods.

Why are reverse distribution systems important?

Which of the following minimizes the volume of inventory by making it available only when it is needed for the production process?

Hybrid channels differ from dual channels in that hybrid channels:

Which of the following is true about channels of distribution?

Identify the reasons for the termination of a channel relationship.

In managing channel relationships,vertical trading restrictions result from:

Which of the following is a factor that determines channel design?

The use of intermediaries will automatically lead to loss of some control over the marketing of the firm's products.

The responsibility for appropriate packaging in logistics rests with the shipper of goods.

How can inventory be used as a strategic tool? Give an example.

The connections made by marketing institutions are unidirectional and flow downward from the producer.

The period between departure and arrival of a carrier is called the _____.

Which of the following acts as an agent for the marketer in moving cargo to an overseas destination?

Agents have more freedom of movement than distributors.

Close collaboration with customers is required in order to develop a just-in-time inventory system.

The shipper's export declaration:

Global Environmental Drivers

International Trade Frameworks and Policy

The Role of Culture

The Economic Environment

The Political and Legal Environment

Consumer,Industrial,and Government Markets

Strategic Planning

Analyzing People and Markets

Market Entry and Expansion

Marketing Organization,Implementation,and Control

Product Management and Global Brands

Global Marketing of Services

Advertising,Promotion,and Sales

Pricing Strategies and Tactics

Social Networks and Communication

Leadership,Corporate Social Responsibility,and Sustainability

New Directions and Challenges

Filters