Question 1

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

Accepted Answer

A) domestic in-house sourcing 
B) offshore subsidiary sourcing 
C) a domestic purchasing arrangement 
D) offshore outsourcing (offshore sourcing) 
E) export management company 
A) domestic in-house sourcing 
B) offshore subsidiary sourcing 
C) a domestic purchasing arrangement 
D) offshore outsourcing (offshore sourcing) 
E) export management company

Question 2

The Mexican version of a free trade zone is called the ___________________.

Accepted Answer

Maquilador

Question 3

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

Accepted Answer

A) Rationalization 
B) Utility management 
C) Physical distribution management 
D) Logistic integration 
E) Logistic modeling 
A) Rationalization 
B) Utility management 
C) Physical distribution management 
D) Logistic integration 
E) Logistic modeling

Question 4

Various governments have established ____________________________.

Accepted Answer

A) export processing circles. 
B) export processing groups. 
C) export processing clans. 
D) export processing networks. 
E) export processing zones. 
A) export processing circles. 
B) export processing groups. 
C) export processing clans. 
D) export processing networks. 
E) export processing zones.

Question 5

___________ 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.

Accepted Answer

A) High-tech 
B) Low-tech 
C) High 
D) Low 
E) None of the above 
A) High-tech 
B) Low-tech 
C) High 
D) Low 
E) None of the above

Question 6

In 2006,the total logistics cost represented about 9 percent of the GDP,or $1 trillion in the _________________.

Accepted Answer

A) U.S. 
B) Ireland 
C) Portugal 
D) Belgium 
E) Romania 
A) U.S. 
B) Ireland 
C) Portugal 
D) Belgium 
E) Romania

Question 7

__________________ affects the company's decision about where to source and market,based on lower cost of labor and other resources in one country relative to
Another.

Accepted Answer

A) Relative advantage 
B) Absolute cost advantage 
C) Comparative advantage 
D) Competitive advantage 
E) Sourcing advantage 
A) Relative advantage 
B) Absolute cost advantage 
C) Comparative advantage 
D) Competitive advantage 
E) Sourcing advantage

Question 8

The largest third-party logistics sector is the value-added ________________ and _________________ industry.

Accepted Answer

A) warehousing,purchasing 
B) warehousing,manufacturing 
C) warehousing,distribution 
D) warehousing,painting 
E) none of the above 
A) warehousing,purchasing 
B) warehousing,manufacturing 
C) warehousing,distribution 
D) warehousing,painting 
E) none of the above

Question 9

The most important factors in determining an optimal mode of transportation for foreign markets are the value-to-volume ratio,perishability of the product,and:

Accepted Answer

A) the cost of transportation. 
B) intermodal ratio. 
C) total cost ratio to inventory and warehousing expense. 
D) the cost of insurance. 
E) the distance to speed relationship. 
A) the cost of transportation. 
B) intermodal ratio. 
C) total cost ratio to inventory and warehousing expense. 
D) the cost of insurance. 
E) the distance to speed relationship.

Question 10

Wal-Mart is the largest retailer in the world.

Accepted Answer

A) True 
 B)False

Question 11

The traditional supply chain powered by manufacturer push is becoming a:

Accepted Answer

A) demand chain driven by logistics. 
B) demand chain driven by advertising. 
C) service chain driven by customer service. 
D) service chain driven by response time. 
E) demand chain driven by customer pull. 
A) demand chain driven by logistics. 
B) demand chain driven by advertising. 
C) service chain driven by customer service. 
D) service chain driven by response time. 
E) demand chain driven by customer pull.

Question 12

In global logistics and distribution,3PL stands for:

Accepted Answer

third-part

Question 13

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

Accepted Answer

A) low cost transportation 
B) a "no returns" policy 
C) ultimate distribution service 
D) just-in-time delivery 
E) accurate purchasing management 
A) low cost transportation 
B) a "no returns" policy 
C) ultimate distribution service 
D) just-in-time delivery 
E) accurate purchasing management

Question 14

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

Accepted Answer

A) Coca-Cola Enterprises 
B) Coca-Cola Network 
C) Coca-Cola Web 
D) Coca-Cola Team 
E) Coca-Cola Trucking Co. 
A) Coca-Cola Enterprises 
B) Coca-Cola Network 
C) Coca-Cola Web 
D) Coca-Cola Team 
E) Coca-Cola Trucking Co.

Question 15

On-time retail information management carries two distinct advantages which are:

Accepted Answer

A) reduced inventory and accounting information at the retail level. 
B) reduced inventory and market information at the retail level. 
C) reduced inventory and manufacturing information at the retail level. 
D) reduced inventory and production information at the retail level. 
E) reduced inventory and outsourcing information at the retail level. 
A) reduced inventory and accounting information at the retail level. 
B) reduced inventory and market information at the retail level. 
C) reduced inventory and manufacturing information at the retail level. 
D) reduced inventory and production information at the retail level. 
E) reduced inventory and outsourcing information at the retail level.

Question 16

When Heinz sells its soup products to grocery store chains and allows them to put their own store names on the product,the product is being sold as a:

Accepted Answer

A) domestic brand. 
B) national brand. 
C) manufacturers brand. 
D) store brand or private label. 
E) service label. 
A) domestic brand. 
B) national brand. 
C) manufacturers brand. 
D) store brand or private label. 
E) service label.

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

The Mexican version of a free trade zone is called the ___________________.

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

Various governments have established ____________________________.

___________ 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.

In 2006,the total logistics cost represented about 9 percent of the GDP,or $1 trillion in the _________________.

__________________ affects the company's decision about where to source and market,based on lower cost of labor and other resources in one country relative to Another.

The largest third-party logistics sector is the value-added and _ industry.

The most important factors in determining an optimal mode of transportation for foreign markets are the value-to-volume ratio,perishability of the product,and:

Wal-Mart is the largest retailer in the world.

The traditional supply chain powered by manufacturer push is becoming a:

In global logistics and distribution,3PL stands for:

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

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

On-time retail information management carries two distinct advantages which are:

When Heinz sells its soup products to grocery store chains and allows them to put their own store names on the product,the product is being sold as a:

Globalization Imperative

Economic Environment

Financial Environment

Global Cultural Environment and Buying Behavior

Political and Legal Environment

Global Marketing Research

Global Segmentation and Positioning

Global Marketing Strategies

Global Market Entry Strategies

Global Product Policy Decisions I: Developing New Products for Global Markets

Global Product Policy Decisions Ii: Marketing Products and Services

Global Pricing

Communicating With the World Consumer

Sales and Cross-Cultural Management

Export and Import Management

Planning, Organization, and Control of Global Marketing Operations

Marketing Strategies for Emerging Markets

Global Marketing and the Internet

Filters

Exam 15: Global Logistics and Distribution

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

The Mexican version of a free trade zone is called the ___________________.

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

Various governments have established ____________________________.

___________ 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.

In 2006,the total logistics cost represented about 9 percent of the GDP,or $1 trillion in the _________________.

__________________ affects the company's decision about where to source and market,based on lower cost of labor and other resources in one country relative to Another.

The largest third-party logistics sector is the value-added ________________ and _________________ industry.

The most important factors in determining an optimal mode of transportation for foreign markets are the value-to-volume ratio,perishability of the product,and:

Wal-Mart is the largest retailer in the world.

The traditional supply chain powered by manufacturer push is becoming a:

In global logistics and distribution,3PL stands for:

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

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

On-time retail information management carries two distinct advantages which are:

When Heinz sells its soup products to grocery store chains and allows them to put their own store names on the product,the product is being sold as a:

Globalization Imperative

Economic Environment

Financial Environment

Global Cultural Environment and Buying Behavior

Political and Legal Environment

Global Marketing Research

Global Segmentation and Positioning

Global Marketing Strategies

Global Market Entry Strategies

Global Product Policy Decisions I: Developing New Products for Global Markets

Global Product Policy Decisions Ii: Marketing Products and Services

Global Pricing

Communicating With the World Consumer

Sales and Cross-Cultural Management

Export and Import Management

Planning, Organization, and Control of Global Marketing Operations

Marketing Strategies for Emerging Markets

Global Marketing and the Internet

Filters

The largest third-party logistics sector is the value-added and _ industry.