 Global trends in business - The Supply Chain

1. How does ASEAN Integration impact the Philippine supply chain in terms of competition?

• A. It reduces competition by allowing only local businesses to operate.

• B. It increases competition by enabling more foreign businesses to enter the market.

• C. It eliminates competition as businesses in ASEAN countries merge into a single entity.

• D. It forces all local businesses to close due to higher operational costs.

2. One major benefit of ASEAN Integration in the supply chain sector is ____.

• A. Stricter trade barriers among ASEAN member countries

• B. Increased costs for importing and exporting goods

• C. Streamlined customs procedures for faster trade

• D. Limited opportunities for international partnerships

3. What is a possible disadvantage of ASEAN Integration for Philippine manufacturers?

• A. Increased competition from cheaper foreign products

• B. Higher tariffs on exported goods

• C. Decreased access to raw materials

• D. Stricter government regulations on local businesses

4. How does ASEAN Integration affect supply chain efficiency in the Philippines?

• A. It disrupts logistics networks due to new trade restrictions that are created by the policy makers.

• B. It forces businesses to use only local suppliers, reducing efficiency.

• C. It limits the movement of goods between ASEAN countries as there are more restrictions being implemented.

• D. It improves supply chain efficiency by reducing tariffs and promoting regional connectivity.

5. With the ASEAN Economic Community (AEC) in place, how can small Philippine enterprises stay competitive in the supply chain?

• A. By reducing product quality to match cheaper alternatives

• B. By expanding into ASEAN markets and forming regional partnerships

• C. By avoiding foreign markets and focusing only on local demand of the people

• D. By increasing prices to offset competition as they provide less income to the business

6. How does the integration of the Philippines into the ASEAN supply chain benefit Filipino consumers?

• A. It provides access to a wider range of high-quality and affordable products.

• B. It limits the variety of goods available in the market for they can monopolized it.

• C. It results in higher prices due to added foreign competition as new investors coming in the country.

• D. It forces consumers to buy only locally produced goods.

7. One challenge Philippine logistics companies face due to ASEAN Integration is ____.

• A. Less demand for transportation and warehousing services found in the market

• B. A reduction in the number of trade partners within ASEAN countries

• C. The need to comply with regional logistics standards and infrastructure upgrades

• D. Increased government restrictions on cross-border transport for they have to be inspected well

8. How does the ASEAN Single Market concept affect Philippine businesses in the supply chain?

• A. It allows free movement of goods, services, capital, and labor across ASEAN nations.

• B. It restricts Philippine businesses from exporting goods outside ASEAN countries .

• C. It forces Philippine businesses to follow only foreign trade laws as they are more standardized.

• D. It prevents foreign businesses from investing in the Philippines due to terrorism.

9. In what way can the Philippine government help businesses maximize the benefits of ASEAN Integration?

• A. By imposing higher taxes on imported goods from ASEAN countries that are profiting much of our resources

• B. By restricting foreign direct investments (FDIs) to protect local businesses

• C. By discouraging local companies from competing in ASEAN markets

• D. By investing in infrastructure, education, and technology to improve supply chain capabilities

10. Which of the following best describes the long-term impact of ASEAN Integration on the Philippine supply chain?

• A. It creates an isolated economy with reduced dependence on foreign trade.

• B. It fosters economic growth by expanding trade networks and improving logistics.

• C. It weakens the economy by making local businesses dependent on foreign investors.

• D. It eliminates the need for the Philippines to develop its local industries.