Part $2.$ Value $25$ points

Underline the correct answers.

$1.-$ Is the part of the supply chain process that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customers' requirements."

a$)$ Supply chain strategy

b$)$ Competitive strategy

c$)$ Product development strategy

d$)$ Logistics

e$)$ Supply chain management

$2.-$ It encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all Logistics Management activities. Importantly, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, thirdparty service providers, and customers.

a$)$ Supply chain strategy

b$)$ Competitive strategy

c$)$ Product development strategy

d$)$ Logistics

e$)$ Supply chain management

$3.$ Elements of international logistics

a$)$ The environment

b$)$ Decisions regarding transportation

c$)$ Risk and hazards

d$)$ Warehousing decisions

e$)$ Quality management more demanding

$4.$ Reverse logistics takes care of all the return goods

a$)$ Maybe

b$)$ false

c$)$ I don't know

d$)$ true

$5.$ Active exporting is made by

a$)$ Agent

b$)$ Distributor

c$)$ Marketing Subsidiary d$)$ none

$6.-$ Why governments favor trade barriers?

a$)$ To protect domestic jobs

b$)$ To improve trade deficit

c$)$ Protect infant industry

d$)$ none have no idea

$7.-$ These are types of tariffs

a$)$ Import and export

b$)$ transit

c$)$ Specific duty

d$)$ Ad valorem duty

e$)$ Compound duty.

$8.-$ Disadvantages of International Trade

a$)$ Supply chain

b$)$ Competitive strategy

c$)$ Logistics

d$)$ all the answers

e$)$ I have no idea