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Question
Under ____, the size and timing of replenishment orders are the responsibility of the manufacturer.a. quick response
b. supply chain management
c. vendor-managed inventory
d. efficient consumer response
Answer
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b. measures a company's logistics cost as a percentage of its total cost
c. compares inventory turnover for major retailers
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Shipping conferences refer to ____.
a. annual meetings of large international shippers
b. international shippers' associations
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Incoterms are generally revised approximately every ____ years.
a. 25
b. 20
c. 10
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A ____ is similar in nature to a domestic bill of lading and summarizes the entire transaction.
a. certificate of origin
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c. shipper's letter of instruction
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a. RFID tab
b. shipper's mark
c. shipment coordinator
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When one country's currency is weak relative to other currencies, ____.
a. it becomes more costly to import products to the country, but its exports surge
b. both imports and exports surge
c. it becomes more costly to export products from the country, but its imports surge
d. it becomes more costly to import and export products
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a. net world product
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c. gross world product
d. gross world income
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