BUAD 331 EXAM 5 ACTUAL PAPER 2026
QUESTIONS ANSWERS GRADED A+
◉ Markets are not (BLANK) and coordination requirements are
(BLANK). Answer: homogeneous
high
◉ Why do firms go global? Answer: 1) increase revenue
2) decrease costs
◉ What are the results of firms going global and increasing revenue?
Answer: If a company can successfully expand into a foreign market,
it can increase revenue.
When foreign competitors move into your market, competing with
them in their home market may help level the playing field.
◉ What are the results of firms going global and decreasing costs?
Answer: Marketing and selling more units typically lowers your cost
per unit (economy of scale).
Moving some business functions (EX: manufacturing) to lower cost
regions may lower overall cost.
,◉ What are several major trends that have led to major changes in
companies' supply chains? Answer: 1) the decline of economic
protectionism
2) an increase in economic integration and free trade (NAFTA, EU,
ASEAN, MERCOSUR)
3) global competition among global companies for global consumers
4) technological advances that ease and lessen the cost of
communication
◉ What is so different about global supply chain management?
Answer: It's difficult to plan and execute.
◉ What are some factors that make global supply chain
management so different? Answer: - people are extremely different
across nations/markets
(EX: CAGE)
- companies sometimes abandon basic decision making processes
and underestimate differences (EX: strategy, cost/benefit analysis)
, - partnerships are necessary, but difficult
- complexity is exponentially higher due to differences
(EX: # of competitors, markets, customers, distances, languages,
time zones, cultures, customs)
◉ What are the twin challenges for global supply chain
management? Answer: 1) world markets are not homogeneous, so
variety is still very much required
- (heterogeneous markets - consumer preference)
2) requirement for exceptional coordination to offset potentially
higher costs in global supply chains
- (exceptional coordination required to succeed)
◉ Consumers expect a global brand to provide (BLANK) levels of
value in all of their markets. Answer: equitable
◉ Configuration Answer: where, and in how many nations, each
value chain activity is performed
◉ Coordination Answer: how dispersed activities, or activities
performed in several different nations, are coordinated
QUESTIONS ANSWERS GRADED A+
◉ Markets are not (BLANK) and coordination requirements are
(BLANK). Answer: homogeneous
high
◉ Why do firms go global? Answer: 1) increase revenue
2) decrease costs
◉ What are the results of firms going global and increasing revenue?
Answer: If a company can successfully expand into a foreign market,
it can increase revenue.
When foreign competitors move into your market, competing with
them in their home market may help level the playing field.
◉ What are the results of firms going global and decreasing costs?
Answer: Marketing and selling more units typically lowers your cost
per unit (economy of scale).
Moving some business functions (EX: manufacturing) to lower cost
regions may lower overall cost.
,◉ What are several major trends that have led to major changes in
companies' supply chains? Answer: 1) the decline of economic
protectionism
2) an increase in economic integration and free trade (NAFTA, EU,
ASEAN, MERCOSUR)
3) global competition among global companies for global consumers
4) technological advances that ease and lessen the cost of
communication
◉ What is so different about global supply chain management?
Answer: It's difficult to plan and execute.
◉ What are some factors that make global supply chain
management so different? Answer: - people are extremely different
across nations/markets
(EX: CAGE)
- companies sometimes abandon basic decision making processes
and underestimate differences (EX: strategy, cost/benefit analysis)
, - partnerships are necessary, but difficult
- complexity is exponentially higher due to differences
(EX: # of competitors, markets, customers, distances, languages,
time zones, cultures, customs)
◉ What are the twin challenges for global supply chain
management? Answer: 1) world markets are not homogeneous, so
variety is still very much required
- (heterogeneous markets - consumer preference)
2) requirement for exceptional coordination to offset potentially
higher costs in global supply chains
- (exceptional coordination required to succeed)
◉ Consumers expect a global brand to provide (BLANK) levels of
value in all of their markets. Answer: equitable
◉ Configuration Answer: where, and in how many nations, each
value chain activity is performed
◉ Coordination Answer: how dispersed activities, or activities
performed in several different nations, are coordinated
