Exam 9: Supply and Value Chain Management

Which of the following is the portion of a supply chain that includes all selling activities?

Consortiums generally occur within horizontal collaborations.

Distributors may not know the origin of the inventory they sell because:

Sourcing local can increase transparency by:

A system which describes how private businesses in collaboration with governments and civil society receive or access resources as inputs, add value through various processes (planning, development, financing, marketing, distribution, pricing, positioning, among others) and sell the resulting products to visitors

Choosing a sustainable supply chain is the most impactful way a company can support the triple bottom line of sustainability.

Tourists purchasing packages tours at a reduced costs is an example of:

Channels through which information, material, and money flow between a company and its suppliers

The tourism supply chain includes only the sale of goods and services within a destination or business.

A working document that outlines the process of managing waste that is created, implementing disposal methods that reduce harm to the environment, and waste reduction methods, such as reusing, recycling, and composting

Distributors will carry a variety of product lines all of which will qualify as sustainable options.

Collaborations between a firm at different levels within the supply chain, such as inputs, or the partners to which they sell their final products

The process of comparing a business process and performance metrics to industry best practices from other companies; it can be used to track performance over time

In order to ensure the long-term success of the value chain, a focal company must:

Tourist views the entire holiday as a seamless series of experiences and activities.

When a hotel receives customers from a tour operator, this is an example of:

A network of tourism organizations involved in a series of diverse activities, including the provision of an entire spectrum of components of tourism products/services, such as flights and accommodation, ending with the sale of tourism products in the tourism region

A type of label indicating that compliance with standards has been verified by an outside agency

One of the key barriers to sustainability is a lack of knowledge about suitable sustainability practices by managers or businesses.

When choose value chain partners, a sustainable business should consider which of the following?