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What does global supply chain operations refer to?

• Management and coordination of the flow of goods, services, information, and finances within a region

• Management and coordination of the flow of goods, services, information, and finances within a country

• Management and coordination of the flow of goods, services, information, and finances across borders

• Management and coordination of the flow of goods, services, information, and finances within a city

Why is technology crucial in managing global supply chains?

• To track shipments

• To increase paperwork

• To reduce efficiency

• To avoid communication with suppliers

What is a key factor in global supply chain operations related to environmental concerns?

• Using non-environmentally friendly products

• Minimizing environmental footprint

• Ignoring sustainability

• Not adopting responsible practices

What is a strategic challenge faced by global supply chains?

• Stable geopolitical environment

• Currency stability

• Transportation disruptions

• Consistent regulations

Why is understanding diverse customer preferences important in global supply chains?

• To reduce market reach

• To ignore customer needs

• To tailor offerings

• To limit offerings

What is a key dimension in the technology aspect of global supply chain operations?

• Resource Dimension

• Market Dimension

• Time Dimension

• Development lead time

What is a benefit of collaboration in global supply chain operations?

• Increased costs

• Decreased efficiency

• Improved efficiency

• Limited market access

What does supply chain integration aim to improve?

• Increase costs

• Reduce efficiency

• Improve efficiency

• Limit collaboration

What does diversifying the product portfolio help in global supply chains?

• Increase risks

• Cater to diverse preferences

• Limit market reach

• Reduce efficiency

What is the focus of the Blue Ocean Strategy in global supply chain operations?

• Avoiding new markets

• Developing unsustainable practices

• Offering unique and innovative products

• Creating contested market space