INTERLOG CH 1& 2

What is the main purpose of logistics?

• a) To store excess inventory

• b) To manage the production process

• c) To control the efficient flow of goods and information

• d) To improve sales revenue

Which of the following is NOT a goal of logistics?

• a) Rapid response

• b) Maximum inventory

• c) Minimum variance

• d) Life cycle support
  

One key difference between domestic and international logistics is

• Quality of goods

• Distance and border crossing processes

• Type of product

• Number of suppliers

Which entity is responsible for shipping goods in logistics?

• Consignee

• Carrier

• Consignor

• Receiver

A free trade zone (FTZ) in logistics is primarily used to

• Promote local retail sales

• Enhance manufacturing and trade within port areas

• Increase transportation costs

• Reduce shipping timelines

Why do companies seek new and expanded markets?

• a) To avoid competition

• b) To access untapped customer segments

• c) To limit production costs

• d) To evade regulations

What is included in the term of sale?

• Buyer relations

• Customer feedback

• Carriage arrangement

• Marketing strategy

What are “factor endowments” in the context of international trade?

• Regulatory policies

• Cultural similarities

• Natural resources and labor

• Historical connections

Which of the following is an example of trading between colonial networks?

• Germany and the United States

• South Korea and Japan

• United Kingdom and India

• Malaysia and China

Which stage of regional integration involves a free movement of goods and services but no shared policies?

• Free Trade Agreement

• Customs Union

• Economic Union

• Common Market