FIL - Chapter 1/3 Quiz

What is the definition of global logistics?

• The process of managing the flow of goods through supply chain

• The process of developing and manufacturing products

• The process of delivering products to supplier

• The process of meeting customer service needs

What are the advantages of global logistics?

• Lower cost and added value

• Higher cost and added value

• Lower cost and reduced value

• Higher cost and reduced value

What are the disadvantages of global logistics?

• Political, Economics and Environment stability

• Language and Communication Barriers

• Higher cost and added value

• Lower cost and reduced value

What is the emergence of the value-conscious customer?

• Recognition of the importance of customer satisfaction

• Recognition of the importance of production and sales

• Recognition of the importance of marketplace focus

• Recognition of the importance of logistics as a non core business activity

According to Michael Porter, what are the three fundamental ways in which firms can achieve sustainable competitive advantage?

• Cost leadership, differentiation, and focus

• Cost leadership, differentiation, and efficiency

• Differentiation, focus, and efficiency

• Differentiation, focus, and responsiveness

Which is the correct Role for Carrier

• Receiving Goods

• Handle the purchasing process

• Physically transporting the goods

• Arranging the transportation of goods from point of origin to the destination

Shipper is the entity responsible for arranging the transportation of goods from the point of origin to the destination.

• True

• False

Consignee need to optimize routes to minimize transportation time, cost and environmental impact.

• False

• True

Carrier need to adhere to safety standards and international regulations during their operations.

• False

• True

Below are the characteristics of International Transportation except...

• Cross a domestic boundary

• Intermodalism: multiple modes of transportation

• Political issues Regulations

• Longer distance