supply chain final

When a number of interconnected companies and institutions from a particular field are located in a single geographic location; that location is referred to as?

business cluster

which transportation company classification is described as a person or company who transports freight for a fee and can be hired by anyone to transport goods

common carrier

which ownership type provides the advantage of providing the client with specialized services tailor-made to suit their needs without the disadvantages of high startup costs?

contract warehouse

which warehousing process is considered a lean concept because it eliminates the need to store inventory, and reduces transportation

cross docking warehousing

Which type of global logistics intermediary moves global shipments through customs and handles the documentation?

customs broker

An import can only occur inside the borders of your home country and an export can only occur outside the borders of your home country

false

The greater the desired customer service level is, the more warehouses the company may need to have, but the tradeoff is maintaining a lower inventory.

false

The transportation industry continues to be heavily regulated to protect consumers from monopoly pricing, provide safety, and hold carriers liable for their actions.

false

If a company wanted to import materials duty-free, for use in the production of their end items, and then export them to other countries, they would most likely utilize?

foreign trade zone

which one of the following is not a global location decision factor

franchising

which of the following is not one of the functions of the world trade organization

helping to combat emergencies, such as the worldwide pandemic

global location decisions involve all of the following except

how: determining how the facility will operate

withdrawing components from stock to make assemblies or finished goods, or to ship to a customer, is known as

picking

A right-to-work law allows employees to decide for themselves whether or not they want to join or financially support a union

true

Tariffs or duties are taxes imposed by governments on imported goods

true