BUAD 331 Exam 4 Knowledge
Checkpoints
Why might a company consider expanding its supply chain internationally? - correct
answer To obtain access to lower-cost suppliers, to take advantage of a skilled labor
base, to support international expansion of sales, and to fend off competition from
an international competitor.
What is the biggest cause of difficulties in working with another culture? - correct
answer Different ways of making decisions and approaching business
Which supply chain strategy is most popular with companies today? - correct
answer Regional strategy that groups countries into clusters
What dimension of the country assessment framework involves the strength of
supply chain support businesses in the region? - correct answer Competency
T/F Supply chain solutions that work in one region can be repeated as long as you
have the technology systems to connect all supply chain partners. - correct answer
False
What is the most common way that countries agree to increase trade? - correct
answer Through negotiating bilateral or multilateral FTAs
When was the World Trade Organization founded? - correct answer 1995
The legal system used in the United States is based on: - correct answer common
law
T/F Supply chain management has a widely accepted definition that does not vary
substantially between countries. - correct answer False
