SCMT 3643 Exam 2 Questions and Answers Latest Update

SCMT 3643 Exam 2 Questions and Answers Latest Update Which is NOT a way to source internationally? - Answers Set up a marketing subsidiary to supervise a network of distributors. Regardless of the motivation for international sourcing to complement domestic sourcing, which effect is likely to be present? - Answers higher supply chain resiliency Assume a manager is considering either buying a foreign product from a distributor located in the buyer's own country OR buying the same product sourced from a supplier abroad? Which of the following is NOT a true advantage from buying from the domestic distributor? - Answers The buyer has better control of the product availability and quality. Which of the following is NOT a disadvantage of buying directly from a supplier abroad? - Answers The buyer will have to pay a higher price. Which factors should a firm consider when adopting a specific sourcing channel? - Answers firm's experience with sourcing internationally sales volume business strategy All of the above.- Answer According to the video, which is the most common motivation for international sourcing? - Answers lower cost An example of Starbucks sourcing coffee from overseas illustrates this rationale for international sourcing: - Answers better availability According to the video, starting to buy from abroad may have this effect on the company's negotiating position with domestic suppliers of the same products: - Answers Domestic suppliers will likely offer better contract terms to keep the business with the company. A decision to sell in a developing country may be coupled with a decision to procure from it because ... - Answers of the need to balance the country's strong currency flows as a condition of doing business. The example of H. F. Johnson risking his life to secure access to a superior wax plant in Brazil is given in the video to illustrate this motivation for a company to engage in international sourcing: - Answers to differentiate itself from the competition based on product quality not attainable with domestically available raw materials Which issues of international supplier selection were NOT considered in this video? - Answers types of international trade terms How are working conditions overseas may be different from those in the US? - Answers child labor long working days poorly ventilated, unclean work areas According to the video, a mutual earnest effort to understand each other's perspectives when dealing with a foreign company is likely to result in this outcome: - Answers increased chances of a successful business relationship Which argument does the video use to explain child labor in poor countries? - Answers Children have to work to help their families put some food on the table. What is the "price" to pay for the benefits of international sourcing? - Answers Firms need to manage all operations and commercial arrangements with a supplier overseas. Firms need to face all the challenges of managing all the logistics activities in an international context. Firms need to deal with a myriad of special challenges. A Japanese delegation meets a Brazilian delegation in Rio de Janeiro to negotiate shipments of piranha from the Amazon. Which behaviors will be appropriate, according to the video? - Answers The Brazilians shake hands with the Japanese women first, then with men. The Japanese do not ask the Brazilian speaker questions during his presentation about the Amazon. All of the above. None of the above.- Answer The video suggests that the worst impact of declining to use a supplier whose practices will be seen unethical in the US is this: - Answers Jobs will be lost. Which is NOT a country risk? - Answers How serious your supplier is about serving your company. Which types of a country's infrastructure are important for international supplier selection? - Answers highways, railways and airways ports and airports