GSCL Quiz for Lesson 01

Which of the following best defines globalization?

• The process where organizations develop international influence or start

• The movement of goods within a country's borders.

• A strategy to reduce operational costs by outsourcing

• A method to improve local business efficiency

What is the primary purpose of any supply chain?

• To minimize costs for suppliers.

• To satisfy customer needs and generate profit for itself.

• To ensure rapid product development.

• To create new market trends.

Which of the following is NOT a type of flow in a supply chain?

• Product/Material Flow

• Cash/Fund Flow

• Information Flow

• Digital Flow

According to Michael Porter's Value Chain, which of the following is a primary activity?

• Infrastructure

• Human resource management

• Technology development

• Outbound logistics

What is the key objective of supply chain management?

• To increase supply chain surplus.

• To reduce employee turnover.

• To improve local logistics operations.

• To maximize inventory levels.

Globalization has led to an increase in international business and inter-dependency at a global level.

• True

• False

Supply chain success should be measured in terms of supply chain profitability, not individual stage profits.

• True

• False

Reverse product flow in a supply chain refers to the movement of products for repair, replacement, recycling or disposal.

• True

• False

Effective logistics and supply chain management cannot provide a competitive advantage.

• True

• False

In the context of a value chain, outsourcing can extend the value chain beyond the boundaries of the business.

• True

• False