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Globalization's Impact on Operations & Supply Chain Management

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is the relinquishing of any trade barriers or tariffs that results in uninhibited economic development across all countries?

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1. What does it mean for a company to acquire supplies/materials and labor?

2. The uncertainty in the transportation of the products due to weather or port issues from overseas markets causes some companies to have to hold

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About This Quiz & Worksheet

Business has rapidly become a global enterprise, and the worksheet/quiz combo will test your knowledge on globalization's effect on operations and supply chain management. The quiz questions ask you to correctly identify many key terms based on their definitions, including trade barriers and tariffs.

Quiz & Worksheet Goals

The assessment will test you on:

  • Acquisition of supplies, materials, and labor
  • Sites where inventory is received and redistributed
  • LSPs

Skills Practiced

Master your ability to implement these skills while you review the worksheet and quiz:

  • Reading comprehension - ensure that you draw the most important information about globalization's effect on operations and supply chain management from the related lesson
  • Making connections - use your knowledge of overseas markets to understand commodities that companies hold due to poor weather or port issues
  • Defining a key concept - make certain you can accurately define a main abbreviation, LSP

Additional Learning

To find out more, review the lesson entitled Globalization's Impact on Operations & Supply Chain Management. Objectives covered in the lesson are:

  • Learn how business growth affects operations and supply chain management
  • Define inventory management methods
  • Understand how transportation of goods has been changed by globalization
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