Exam 15: Global Logistics and Distribution

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.

Which of the following factors contribute significantly to the increased complexity and cost of global logistics as compared to domestic logistics?

All of the following are benefits of using a free trade zone EXCEPT:

If a company wished to ship semiconductor chips abroad, they would probably choose:

Global logistics encompasses:

__________________ 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.

Various governments have established ____________________________.

As a type of intra-firm sourcing, _____________________ is when a company procures major components from its foreign subsidiary.

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

__________________ transportation refers to the seamless transfer of goods from one mode of transportation (such as an aircraft) to another (such as a ship) and Vice versa without the hassle of unpacking and repackaging of goods to suit the Dimensions of the mode of transportation being used.

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

Mexico is an attractive location for ____________ intensive assembly.

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

An agent intermediary takes title to goods.

Explain the role that so called "third-party logistics" (3PL) companies play in contemporary international trade. Cite the advantages of using third-party companies in the trade process.

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

Industrialized countries tend to have a lower distribution outlet density than the _______________________.

Mexico's border industrialization program was developed in __________.

Another profound change in the last decade is the proliferation of _______________.

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.