Question 6: What are three themes for logistics consideration. Briefly describe each of them.

Question 7: Your business, ABC Company, has a net income of $10,000. Your total assets equal $65,000. What is your Return on Assets (ROA)? If your net income increases to $30,000 and your total assets remain the same, what is your ROA now? (Using the ROA formula to calculate)

Question 8: The cost of logistics varies widely from organization to organization. What factors affect these costs? Are the costs fixed or can they be controlled? Explain.

Question 9: Choose a company, describe how can that company find the best balance between service level and costs?

Question 10: The supply chain is a convenient notion, but organizations are only really interested in making products that they can sell to customers. Provided they have reliable supplies of materials, and reasonable transport for finished products, logistics is irrelevant. Do you think this is true?

Question 11: For 2014, Hammer Company reports the beginning of the year total assets of $900,000, end of the year total assets of $1,100,000, net sales of $750,000, and net income of $150,000. Calculate the rate of return on assets for Hammer in 2014.

Question 12: Which areas of the world currently have the fastest economic growth? Why? Is this likely to change over the next twenty years?

Question 13: What are the most important factors in choosing a region or country to work in?

Question 14: What costs should you consider when making a location decision? Is cost always an important factor? Are costs distorted by government grants and incentives?

Question 15: What is the basic difference between infinite set and feasible set approaches to location? Can they be used together?