BUAD 331 Final Exam (A+ Graded already)

Why might a company consider expanding its supply chain internationally? A. To obtain access to lower-cost suppliers B. To take advantage of a skilled labor base in another country C. To support international expansion of sales D. To fend off competition from an international competitor E. All of the above correct answers E. All of the above What dimension of the country assessment framework involves the strength of supply chain support businesses in the region?A.Competency B.Economy C.Politics D.Infrastructure correct answers A.Competency Supply chain solutions that work in one region can be repeated as long as you have the technology systems to connect all supply chain partners. A. True B. False correct answers B. False What is the biggest cause of difficulties in working with another culture? A. Language differences B. Different ways of making decisions and approaching business C. Physical distance to the market D. Not showing up to meetings on time correct answers B. Different ways of making decisions and approaching business Which supply chain strategy is most popular with companies today? A. Purely global manufacturing with very few global production locations B. Purely local manufacturing with production in every market C. Regional strategy that groups countries into clusters D. High-tech strategy that uses software to overcome the problems correct answers C. Regional strategy that groups countries into clusters What is the most common way that countries agree to increase trade? A. Through unilateral removal of tariffs on imports B. Through the GATT treaty agreement C. Through WTO negotiations D. Through negotiating bilateral or multilateral FTAs correct answers D. Through negotiating bilateral or multilateral FTAs When was the World Trade Organization founded? A. 1785 B. 1895 C. 1905 D. 1995 correct answers D. 1995