Week 3 – Quiz #3″ for TLMT 313
Question 1 of 10
Global location decisions are made to optimize the performance of the supply chain and be consistent with the firm’s competitive strategy.
Question 2 of 10
Logistics is what creates the efficient flow of goods between supply chain partners, allowing profits and competitive advantage to be maximized.
Question 3 of 10
Private warehouses refer to warehouses that are owned by the firm storing the goods.
Question 4 of 10
While the development and proliferation of the Internet and web-based commerce has not completely eliminated the relevancy of facilities location, because of the Internet, the speed of delivery and cost in serving the customer are no longer factors in determining the strategic location of an organization’s facilities.
Question 5 of 10
Risk pooling is a strategy that attempts to use fewer warehouses to decrease the required safety stock levels since the negatively correlated market demands reduce the overall demand variance across the markets which the centralized warehouse services.
Question 6 of 10
Regional trade agreements and the World Trade Organization provide a framework for managers in terms of investigating important facility location elements like tariffs, costs, and the free flow of goods and services in different regions of the world.
Question 7 of 10
With FOB pricing, a supplier is the legal owner of a product until the product reaches its destination.
Question 8 of 10
The critical issues in sustainable development are energy consumption/production, air pollution and climate change.
Question 9 of 10
The European Union (EU) created the world’s largest free trade area.
Question 10 of 10
The primary objective of an offshore factory is to take advantage of low labor costs.