Exam 12: Global Supply Chain Management

Unexpected costs that can arise from trade at a global level include:

Manufacturing in a country primarily because of low cost labor is not always the best strategy because:

Environmental factors that must be considered in a global supply chain strategy include:

A global marketing approach has the benefit of making supply and demand easier to balance.

Work ethic and gender roles are examples of a ____________ factor impacting global supply chains.

_______ is an example of a trade protection mechanism.

One advantage of a global supply chain network is the ability to specifically target local markets.

For supply chain management, globalization trends have resulted in:

A strategy to reduce exchange rate risk is to build flexibility into manufacturing operations and diversify supplier networks.

Firms with primarily a domestic focus are typically more profitable than multinational firms.

A global marketing approach that brings standardized products to consumers is not an effective strategy.

When countries establish local content requirements for an industry, the manufacturing firm must produce a certain percentage of the product within the country.

Regional trade agreements and trade protection policies can potentially to make global trade both easier and more difficult for companies.

When people relate to each other more as equals, the culture is characterized as having:

_____________ is a strategy that delays customization until demand is more clearly known.

Access to a developed and robust infrastructure is often a challenge for companies setting up global supply chains.

_______ is an example of a non-cost consideration on which companies are increasingly focused.

A non-tariff barrier that requires part of the product be manufactured inside the country is known as a/an:

A quantitative restriction on the volume of imports is known as a/an:

Cultures with weak uncertainty avoidance are less tolerant of risk.