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Why might an organization opt for centralized inventory handling instead of regionalized handling?
Why might an organization opt for centralized inventory handling instead of regionalized handling?A . To increase the speed of deliveriesB . To reduce the amount of capital tied up in distribution infrastructureC . To minimize transportation costsD . To improve customer service in specific regionsView AnswerAnswer: B Explanation: Centralized inventory...
What does the consideration of "health and safety for the movement of hazardous material" and "security where a product is of high value and low weight" fall under in the selection of a suitable mode of transport?
What does the consideration of "health and safety for the movement of hazardous material" and "security where a product is of high value and low weight" fall under in the selection of a suitable mode of transport?A . Operational factorsB . Transport mode characteristicsC . Cost and service requirementsD ....
Which factors can be used to calculate the duty on imported goods in international trade? (Select ALL that apply)
Which factors can be used to calculate the duty on imported goods in international trade? (Select ALL that apply)A . The weight and dimensions of the goodsB . The value of the goods based on the invoice valueC . The country from which the goods are importedD . The country's...
Which challenge is likely to be hard to overcome due to trade across borders and geographic, time, and language differences?
A multinational company is expanding its operations globally and considering the benefits and challenges of sourcing, outsourcing, and offshoring. Which challenge is likely to be hard to overcome due to trade across borders and geographic, time, and language differences?A . Compliance issuesB . Logistics and production schedulingC . Quality expectationsD...
What is one approach Sarah, an experienced exporter, can take to minimize the risk of disputes over the interpretation of an international sales contract?
What is one approach Sarah, an experienced exporter, can take to minimize the risk of disputes over the interpretation of an international sales contract?A . Rely solely on Incoterms® without any variations or additions.B . Explicitly specify variations or additions to Incoterms® relevant to the trade.C . Avoid specifying any...
What stage within the supply chain network activities is most relevant for addressing this situation?
A company is experiencing an increase in customer orders for a particular product, which exceeds the forecasted demand. What stage within the supply chain network activities is most relevant for addressing this situation?A . PreparationB . ShipmentC . DeliveryD . FinalisationView AnswerAnswer: D Explanation: The finalisation stage of the supply...
Which of the following contracts is responsible for setting out the rights and obligations of the carrier and the shipper regarding the transportation of goods?
Which of the following contracts is responsible for setting out the rights and obligations of the carrier and the shipper regarding the transportation of goods?A . Insurance contractB . Contract of financeC . Contract of carriageD . Sales contractView AnswerAnswer: C Explanation: The contract of carriage defines the rights and...
Which factor primarily influences cost planning in this situation?
A company relies heavily on a seasonal raw material, and price fluctuations are a concern due to the dependence on the success of the crop. Which factor primarily influences cost planning in this situation?A . Rapid economic growth in ChinaB . Currency exchange ratesC . Seasonal demandD . Speculation in...
When an importer fills out a customs entry form, which of the following documentation must typically accompany the form?
When an importer fills out a customs entry form, which of the following documentation must typically accompany the form?A . Certificate of originB . Credit termsC . Choice of currencyD . Documentary letter of creditView AnswerAnswer: A Explanation: A certificate of origin verifies the origin of the goods and is...
Which surcharge could help them account for difficulties in navigating poor infrastructure, backlogs, and delays in transportation?
ABC company operates in the global supply chain and wants to manage price and currency fluctuations effectively. Which surcharge could help them account for difficulties in navigating poor infrastructure, backlogs, and delays in transportation?A . Peak season surchargeB . Bunker adjustment factorC . War risk surchargeD . Currency adjustment factorView...
