Exam 15: Global Logistics and Distribution

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With electronic tracking technology,shippers are able to quickly react to any disruption in the shipments because the shipper knows where exactly the goods are In real time and:

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All of the following are factors that have explained the success of private labels in recent years EXCEPT:

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In _________________,store hours are limited and stores do not open on Sundays.

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The trend toward third-party logistics is a result of the _____________ and the _____________.

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As firms start operating on a global basis,___________________ need to manage the shipping of raw materials,components,and supplies among various manufacturing sites at the most economical and reliable rates.

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

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

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With respect to strategies available to the business unit,a ____________ strategy appears to be more effective than a __________ strategy in emerging markets.

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JIT stands for:

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When Peter Drucker described logistics as "the dark continent of business" he probably meant it is was ________________________.

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Air freight represents more than 40 percent of the value of goods shipped in international commerce.

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

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The inventory-to-volume ratio is determined by how much value is added to materials used in the product.

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Some distribution companies even find that the best way to be successful is to create a distribution ________________.

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Multinational corporations can use ________________ as a strategic tool in dealing with currency fluctuations and as a hedge against inflation.

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Global logistics,unlike domestic logistics,does not put emphasis on physical distribution.

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

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At the macro-level,benefits of using a free trade zone include all of the following EXCEPT:

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In the United States,a free trade zone is officially called a __________________.

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Typical B2B procurement systems rely on _______________ that emphasize the lowest bids on a global basis.

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