Logistics Operations

Chapter 1: Globalization

Due to the trantransition from general cargo to ......................, the performance of the transport industry has seen revolutionary improvements

Answer explanation

containers nhớ thêm "s" nha tại trong slide ghi vậy =))))

What are the 2 types of cross-national barriers?

Which one is an example of tariff barriers?

• quota (hạn ngạch)

• embargo (cấm vận)

• sanction (trừng phạt thương mại)

• import/export taxes

What helps remove barriers?

• EVFTA

• CPTPP

• Vietnam - Japan Economic Partnership Agreement

• ASEAN Agreements

Answer explanation

FTAs help remove barriers.

These can be bilateral or multilateral.

What help shorten time for transportation? (plural)

How does global outsourcing help a firm?

• Helps resources move easier within one country

• Helps companies focus on what makes them competitive

• Helps companies reduce production costs

• Helps companies reduce labor costs

The rise of .................... and governments that interfere in markets pose a threat to the global economic system.

A .................. is when a nation imposes tariffs or quotas on imports and foreign countries retaliate with similar forms of trade protectionism.

As it escalates, a trade war reduces ..............................

What are the consequences of long-term trade wars?

• protect a domestic industry

• create jobs

• depress economic growth

• inflation

Answer explanation

Short-term trade wars help create jobs and protect the domestic industry, but long-term ones do not.