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WorksheetsInternational Business Vocabulary
Total questions: 10
Worksheet time: 5mins
What does the term "Supply Chain" mean?
Process of purchasing goods for personal use
Process of sourcing materials for product manufacturing
Chain of retail stores
Direct sales process to the customer
What is the main goal of "Logistics"?
To increase transportation costs
To improve the company's image
To optimize the distribution and storage of products
To simplify the purchasing process
What is "Just in Time"?
A method of mass production
A technique to reduce production time
A strategy to reduce inventory by delivering items just when they are needed
A business model for technology companies
"E-commerce" refers to:
Electronic commerce through digital platforms
Commerce between large companies
Selling products at low cost
Trade of eco-friendly products
What is the primary role of a "Supplier"?
To buy goods for resale
To provide necessary materials or services for production
To manage the company’s inventory
To transport products to customers
What does "Outsourcing" mean?
Internal production of goods
Outsourcing of non-essential activities or services
Distribution of products abroad
Retail sales online
What does the term "Benchmarking" refer to?
Comparing processes and practices with other organizations to improve
Creating new products to diversify the offer
Measuring customer satisfaction
Reducing costs by buying in bulk
What does "Lead Time" describe?
Time needed to place an order
Time from order placement to final product delivery
Time for managing internal logistics
Employee training time
What is an "Inventory"?
List of suppliers
Record of products and materials available in a company
Sales plan
Customer database
The term "Distribution" refers to:
Product advertising
Transportation and delivery of products to different sales points
Revenue generation through sales
Mass production of goods
