quiz 2: lesson 8 Global

Question 1

Source products or other resources (including human resources) from locations that have ongoing availability of materials and expertise, such as energy or trained workers.

Answer 1

Enhance sustainability

Question 2

Explains what type of coverage is utilized (example, fire, theft, water), the name of the insurer, and the exporter whose property is being insured.

Answer 2

Insurance certificate.

Question 3

Issued by the shipping company or its agent as evidence of a contract for shipping the merchandise and as a claim to ownership of the goods.

Answer 3

Bill of lading

Question 4

Denotes the country in which the goods were produced to assess tariffs and other government-imposed restrictions on trade.

Answer 4

Certificate of origin

Question 5

May replace the bill of lading if goods as shipped by air (airway bill)or by more than one mode of transportation.

Answer 5

Combined transport document.

Question 6

A document written by the exporter to precisely describe the goods and terms of sale (similar to a shipping invoice used in domestic shipment).

Answer 6

Commercial invoice.

Question 7

[Factors and Considerations –No International]

Advantages (Give at least 1)

Answer 7

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Focused on local market.
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Minimum coordination efforts.
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Cross-functional decisions made by small group of executive managers.

Question 8

[Factors and Considerations –Multi-domestic]

Advantages (Give at least 1)

Answer 8

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Focused on local market.
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Minimum coordination efforts.
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Allows firm to focus on key growth markets while minimizing complexity across a large number of markets.

Question 9

[Factors and Considerations –Global]

Disadvantages

Answer 9

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Not scalable.
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Not easy to respond to globally-based customers.
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Limited synergies when working with global customers.
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Limited drivers for global data and processes.