U3 AOS 3 Bus Man Section 8 Quiz

What is global sourcing?

• a business often needs to look internationally to find the right suppliers

• a business will often need to outsource its entire operations process to another country

What is one reason why materials from other countries may be less expensive?

• other countries may have lower taxes or wages

• other countries value business activity more highly

• some resources are only available overseas

Which of the following is NOT a strength of global sourcing?

• increases total capcity to supply needed goods

• decreases costs

• accesses new markets

• can be difficult ot monitor the quality of the inputs

Another word for global manufacturing is ________ .

A business may choose to manufacture overseas to reduce ______, overhead and component costs, while keeping research and development, design and short-run manufacturing in Australia.

With outsourcing, the Australian business owns factories overseas.

• Yes, they are manufacturing overseas

• Yes, they have moved overseas to save money

• No, outsourcing involves paying other businesses to manufacture the goods overseas

• No, outsourcing is local, not global

Why does Toyota manufacture cars in many different countries?

• to save money, it only manufactures in countries with low costs

• it manufactures in the market it sells too, in order to better meet customer needs

Can a service related company also outsource and offshore production?

• Yes, departments such as customer service are often outsourced

• No, it only applies to manufacturing companies who produce goods

If one part of the chain breaks down, the ability of the business to deliver products to customers may be _________ impacted

In supply chain management, companies must consider the _______ between suppliers and warehousers or retailers.

• distance

• efficiency

• effectiveness

• problems