(G) Answer the following multiple-choice questions: 1. What is a global network
ID: 3349234 • Letter: #
Question
(G) Answer the following multiple-choice questions: 1. What is a global network of organizations and activities that supply a firm with goods and services? (1) supply tree (2) provider network (3) supply chain (3) vendor network (5) vendor tree 2. Cost cutting in international operations can take place because of (1) lower taxes and tariffs. (2) lower wage scales (3) lower indirect costs. (4) less stringent regulations. (5) all of the above. 3. Which of the following does NOT represent a valid reason for globalizing operations? 1) reduce costs 2) improve the supply chain 3) reduce responsiveness 4) attract and retain global talent 5) understand marketsExplanation / Answer
1) supply chain
In commerece supply chain management of flow of goods and services involves the movement and storage of the raw materials pf work in process inventory and of finished goods from the poin of origin of consumption.
2) All of the above
International consists of trades and transactions at a global level. These include the trade of goods, services, technology, capital and/or knowledge.
It involves cross-border transactions of goods and services between two or more countries. Transactions of economic resources include capital, skills, and people for the purpose of the international production of physical goods and services such as finance, banking, insurance, and construction. International business is also known as globalization.
In business outsourcing is an agreement in which one company contracts out a part of exsting internal activity to another company. It involves the cintracting out of a business process.
Indirect costs are costs that are not directly accountable to a cost object .Indirect costs may be eithr fixed or variable.Indirect cost include administration,personal and security costs.
stringent means something that is strict. It means severity especially with regard to rule or standard.
3) reduce responsiveness
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