BUAD 331 Exam 4 Knowledge Checkpoints fully solved 2024

BUAD 331 Exam 4 Knowledge Checkpoints Why might a company consider expanding its supply chain internationally? - correct answer To obtain access to lower-cost suppliers, to take advantage of a skilled labor base, to support international expansion of sales, and to fend off competition from an international competitor. What is the biggest cause of difficulties in working with another culture? - correct answer Different ways of making decisions and approaching business Which supply chain strategy is most popular with companies today? - correct answer Regional strategy that groups countries into clusters What dimension of the country assessment framework involves the strength of supply chain support businesses in the region? - correct answer Competency T/F 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. - correct answer False What is the most common way that countries agree to increase trade? - correct answer Through negotiating bilateral or multilateral FTAs When was the World Trade Organization founded? - correct answer 1995 The legal system used in the United States is based on: - correct answer common law T/F Supply chain management has a widely accepted definition that does not vary substantially between countries. - correct answer False