What is a critical component of the supply chain?

• lower labor cost from international outsourcing

• focused manufacturing

• lean management

• just in time

__________ manufacturing fits well into an international logistics strategy

• Focused

• Lean

• Outsourced

• Insourcing

General homogenization of global needs and wants means_____

• people all over the world generally need and want the same thing

• people all over the world need and want different things

• people all over the world need and want customized things

• people all over the world need and want exotic things

When trade barriers fall, _________

• global business activity increases

• global business activity reduces

• global business activity becomes stagnant

• accelerating global business activity

What can firms do to serve global markets?

• adopt integrated worldwide strategies

• adopt focused worldwide strategies

• adopt different worldwide strategies

• adopt tactical worldwide strategies

Global firms typically design ______________ strategies around technology, marketing, manufacturing, and logistics.

• synchronous

• asynchronous

• focused

• lean

One of the four characteristics of customer service strategies:

• Product life cycles increases sometimes to more than one year

• Outsourcing and offshore manufacturing are becoming more common

• Marketing an manufacturing activities and strategies tend to differ and less coordinated

• Marketing becomes highly customized

Logistics activities must be operated as a (n) __________to provide a countervailing force.

• system

• silo

• entity

• strategy

Logistics networks tend to become more __________and ___________ as a result of global markets.

• expensive, complex

• expansive, complex

• integrated, simpler

• expensive, integrated

One of the following is NOT part of the changing political and legal environments:

• Offshore plants and logistics facilities

• Focus production plants often require complex logistics facilities.

• General expansion of worldwide markets

• Growth of Asian, Indian and European markets