Exam 2: Global Dimensions of Supply Chains

The top ten countries account for almost "X"% of the total world population.

Strategies such as compression and lean supply chains take the same amount of work to achieve in the global environment as in the domestic environment.

From a customer service perspective, one of the four important characteristics for global market and strategy is that companies need to attempt to standardize to reduce complexity, but they have to recognize that global markets need some customization.

Which of the following is not one of the essential factors for economic growth and increased development of global trade flows?

One could argue that the external role of technology in recent years has moved ahead of globalization as an agent or driver of change.

The Regional Trade Agreements, the establishment of the General Agreement on Tariffs and Trade (GATT), and its 1995 successor, the World Trade Organization (WTO) have together led to multilateral trade promotion and lowered barriers to international business transactions.

As suggested, the aging populations in more developed countries will result in _____ health care costs and/but _____ in the size of the working population or labor pool.

What are the essential factors for economic growth and increased development of global trade flows? Why are they so important in today's global economy?

From a customer service perspective, one of the four important characteristics for global market and strategy is technology companies counteract short product lifecycle with continual upgrades and new products.

Why are customer service and its related strategy so important for companies operating global supply chains? Do you think that customer service is more important than lower cost to the customers?

Which of the following is not an important issue for economic development and vitality of the economy?

Which country is not one of the three top recipients of exports from the United States?

U.S. ports can play a role in global supply chains since over 50 percent of global trade passes through them.

Given the importance of global trade to the United States, a delicate balance exists between security and the efficient flow of global commerce.

The central theme behind the theory of Comparative Advantage is that if one country has an advantage (lower cost) in the production of two products, they should focus on the production of both so that they gain the greatest advantage and trade when compared to other countries that may have a lesser advantage.

Adam Smith in his renowned treatise, THE WEALTH OF NATIONS, provided not only a rationale for a market economy based upon competition, but also advanced a rationale for trade among nations called the _____.