What is meant by the current description of the global economy that time and distance have been

Question:

What is meant by the current description of the global economy that “time and distance have been collapsed or compressed” Do you agree? Do you think that our trading relationships will be affected in the future by this phenomenon?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Supply Chain Management A Logistics Perspective

ISBN: 978-0538479196

9th edition

Authors: John coyle, John Langley, Robert Novack, Brain Gibson

See More Books

Question Posted: Aug 22, 2015 03:28 AM

See More Questions

In global trade, what is meant by the term "integration?"
In a conjugation experiment, what is meant by the time of entry? How is the time of entry determined experimentally?
What is meant by the term supply chain visibility? How can it be used to advantage by shippers and carriers?
The AFL-CIO has undertaken a study of the yearly salaries (in thousands of dollars) of 30 administrative assistants. The organization wants to predict salaries from several other variables. The...
Refer to Exercise 12.30. a. Provide an estimate for the mean systolic blood pressure for an infant of age 8 days weighing 5 kg. b. Provide a 95% confidence interval for the mean systolic blood...
Family Games, Inc., is a privately owned company with annual sales from a variety of wholesome electronic games that are designed for use by the entire family. The company sees itself as...
Describe the procedure for examining a hypothesis related to proportions of two independent samples.
Tulip Company is made up of two divisions: A and B. Division A produces a widget that Division B uses in the production of its product. Variable cost per widget is $0.75; full cost is $1.00....
Mass Load Deflection Area Shear stress Strain Shear modulus Kg N m m^2 t(Pa) rads Pa 0.1 0.981 0.00002 0.0005376 1824.777 0.0004 4561941.964 0.204 2.001 0.00005 0.0005376 3722.545 0.001 3722544.643...
What opportunity costs are associated with career decisions?
What special role do supply chains play in the globalization of organizations? Will supply chains continue to be important in the future?
Why are customer service and its related strategy so important for companies operating global supply chains?
The figure shows the cross section AB of a garage door which is a rectangular 2.5-m by 5-m panel of uniform thickness with a mass of 200 kg. The door is supported by the struts of negligible mass and...
What are moving averages used for? Provide an example.
Hypothesis tests related to the individual coefficients are not valid when a. multicollinearity exist. b. collinearity exist. c. F test is still valid. d. a variable may appear as significant.
A parameter is a. a measurable input quantity that is inherent in a problem. b. an algorithm. c. a type of computer program. d. a schematic model.
An input (such as variable cost per unit or fixed cost) for a model is an example of a. a decision variable. b. a parameter. c. an algorithm. d. a stochastic variable.
Discuss the challenges of listing possible alternatives.
A distance in meters, M, can be approximated by multiplying a distance in yards, Y, by 1.0936. Which of the following expresses this approximation method? A. M Y / 1.0936 B. M 1.0936 / Y C. M ...
Why can wastewater treatment requirements in Hawaii be less stringent than those in most locations on the U.S. mainland?
Describe the steps in a traditional manual purchasing system.
Describe the e-procurement system and its advantages over the manual system. Are there any disadvantages to the electronic system? Do you think the e-procurement system will ultimately replace the...
How can purchasing help to improve the competitive edge of an organization?
Crane Inc. had 37,400 common shares on January 1, 2024. On May 1, 2,880 common shares were repurchased and retired. On August 31 and November 30, 8,280 and 5,520 common shares were issued,...
Casey Nelson is a divisional manager for Pigeon Company. His annual pay raises are largely determined by his division's return on investment (ROI), which has been above 24% each of the last three...
Create a message that others may view negatively, using a direct or indirect approach, for one of the scenarios provided. Consider the order of the elements of your message, word choice, tone, and...

What is meant by the current description of the global economy that time and distance have been

Question:

Step by Step Answer:

Answer In Chapter 1 the concept of the world collapsing in terms of time and distanc...View the full answer

Supply Chain Management A Logistics Perspective

Students also viewed these Management Leadership questions