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Flashcards in Ch 7-8 Deck (29)
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1

There are three main types of licensing agreements:
A) retailing, rebranding, consultation
B) exclusive distribution, importing, exporting
C) manufacturing,distribution and franchising
D) none of the above

C

2

Purchasing shoes from an online retailer is an example of
A)B2C
B) B2B
C) B2G
D) none of the above

A

3

Containerization has made intermodal shipping possible because:
A) standard size containers fit on all transport methods
B) designed to stack and load with hooks
C) easy to use, and secure
D) all of the above

D

4

Production logistics primarily manages
A) inventory and quality control
B) transportation
C) cash flow and physical distribution
D) all of the above

D

5

Which is true about the supply chain
A) full truckloads increases transport costs
B) oil prices have no effect on domestic shipments
C) domestic sources make a simpler and shorter supply chain
D) none of the above

D

6

Logistics is originally what kind of term
A) scientific
B) military
C) medical
D) political

B

7

A company owns all steps of the supply chain. This is
A) a centralized strategy
B) a decentralized strategy
C) horizontal integration
D) vertical integration

D

8

Which is an important part of cash flow management
A) SKU
B) JIT inventory system
C) letter of credit
D) receiving process

C

9

Insourcing is
a) relocating resources to starting country
B) transfer of major functions to another country
C) contract functions to domestic businesses
D) set up domestic divisions to manage previously international functions

D

10

T or F

fashion is important in japan, being out of style loses face

True

11

T or f

The easiest way to enter foreign markets is through e commerce

True

12

T or f

Store managers are a part of logistics by ensuring enough products are in stock to satisfy consumer demands

True

13

T or f

Domestic laws products companies doing international business

False

14

T or f

Canada is the largest source of outsourcing for American call centers

False

15

T or f

Off shoring is the same as outsourcing

False

16

T or f

Optimization involves ordering a full truckload at a cheaper rate

True

17

T or f

Near sourcing Is creating a division to handle perviously outsourced jobs

False

18

T or f

Many businesses use customs brokers to handle tariffs and taxes

True

19

Having an online store in more effective than a retail store

T or f

True

20

6 promotional strategies

Same product same message
Same product different message
Adapted product same message
Adapted product adapted message
Different product same message
Different product different message

21

vertical and horizontal integration plus ex

V- buy accross the supply chain ex loblaws

J-buy up the supply chain ex mcdonalds

22

6 marketing activities

Market research
Product development
Pricing
Ads and promotion
Sales
Logistics

23

4 places goods are stored and why is just in time good

Where made
Where received
Distribution center
Warehouse

Just in time makes goods sure they are there exactly when needed to eliminate storage

24

Acquisition of carrier depends on

Weight
Cost
Speed
Destination
What is being shipped

25

6 factors affecting the supply chain

Physical distribution
Inventory management
Storage
Supplier management
Information processing
Cash flow

26

Direct and indirect competition

Direct- same product

Indirect- different product, competing for same consumer income

27

What is the receiving process and two tasks the receiving manager would do

Provessing goods when revived

Look for damage
Make sure all products arrived
Add SKU numbers

28

5 packaging modification

Weight
Color
Label requirement
Legal requirement
Language requirement

29

Which of the following is not true about trade shows?
A) for consumers, trade shows are opportunities to buy directly from manufacturers for a public membership fee
B) for retailers, provide a large number of product sources under one roof, reduce cost of buying trips
C) for manufacturers and distributors selling, it is often their major sales event
D) all of the above

A