Podcast Beta
Questions and Answers
Natural resources export sources are highly volatile and unpredictable.
False
Transport costs are negligible when compared to the total value of the cargo.
False
A slowdown in the economy of a major importing nation can lead to a decrease in natural resource trade volume.
True
Weather conditions have no impact on natural resource trade levels.
Signup and view all the answers
Low unit value of a natural resource justifies faster transport speeds to reduce transit times.
Signup and view all the answers
A carrier is a type of cargo ship specifically designed for natural resource transport.
Signup and view all the answers
Natural resources and their trade are directly linked to economic development levels and factors.
Signup and view all the answers
There are numerous, unstable export sources of natural resources.
Signup and view all the answers
Trade remained limited and delayed due to lack of regulations and transportation costs.
Signup and view all the answers
Bulk point to point trade was not common.
Signup and view all the answers
The World Trade Organisation (WTO) was established before the 1970s.
Signup and view all the answers
Containerization hindered long-distance trade flows.
Signup and view all the answers
The priority of globalization shifted to geographical and functional integration of production, distribution, and consumption before the 1990s.
Signup and view all the answers
Apple's product development team is located in China.
Signup and view all the answers
Apple follows a two-year product lifecycle.
Signup and view all the answers
Apple's iPhone supply chain does not involve real-time coordination.
Signup and view all the answers
Zhengzhou, China, also known as 'iPhone City', employed over 200,000 people.
Signup and view all the answers
The iPhone assembly process involved around 200 manual steps.
Signup and view all the answers
Samsung is involved in the iPhone assembly process.
Signup and view all the answers
UPS is not a major carrier involved in the launch of new iPhone models.
Signup and view all the answers
Apple does not allow customers to pre-order iPhones prior to launch.
Signup and view all the answers
Apple has a global retail network with over 600 stores in 30 countries.
Signup and view all the answers
Apple Stores do not offer technical support.
Signup and view all the answers
Apple does not have a significant number of stores in the US.
Signup and view all the answers
The global logistics performance index (LPI) ranks 160 countries’ logistics performance against seven key dimensions.
Signup and view all the answers
The quality of trade and transport-related infrastructure is a key dimension of the LPI.
Signup and view all the answers
The timeliness of shipments refers to the ability to track and trace consignments.
Signup and view all the answers
A damaged shipment can lead to increased inventory carrying costs.
Signup and view all the answers
The LPI ranks countries based on their overall logistics performance and ability to connect to the global market.
Signup and view all the answers
The efficiency of the customs clearance process is not a key dimension of the LPI.
Signup and view all the answers
Logistics competence refers to the ability to track and trace consignments.
Signup and view all the answers
The LPI assesses the ease of arranging competitively priced international shipments.
Signup and view all the answers
Manufactured goods involve the transformation of raw materials using only man or machines.
Signup and view all the answers
Consumer goods are designed for production rather than final consumption.
Signup and view all the answers
General cargo consists of products that are conducive to packaging or unitization.
Signup and view all the answers
Break Bulk refers to goods that are not carried in unitized form.
Signup and view all the answers
Neo Bulk cargo is a type of cargo where each pre-packaged unit is not accountable.
Signup and view all the answers
Containerized cargo is a type of cargo that is not carried in container load units.
Signup and view all the answers
Unit load refers to packages that are not loaded on a pallet, in a crate or any other way.
Signup and view all the answers
Maritime transport is not commonly used for the transportation of manufactured goods.
Signup and view all the answers
Zhengzhou, China, produced around 400,000 iPhones per day.
Signup and view all the answers
The iPhone assembly process involves 300 manual steps, including drilling and fitting tiny screws.
Signup and view all the answers
UPS is not a major carrier involved in the launch of new Apple products.
Signup and view all the answers
Apple Stores have a global network of 450 stores in 30 countries.
Signup and view all the answers
Apple did not allow customers to pre-order iPhones prior to the launch for demand forecasting.
Signup and view all the answers
Foxconn plants did not receive help from the government for funneling migrant workers through online postings.
Signup and view all the answers
Dry bulk ships transport oil from the Middle East and West Africa.
Signup and view all the answers
Shanghai alone moved 33 billion units in 2012.
Signup and view all the answers
Commercial ships produce less than a million tones of CO2 every day.
Signup and view all the answers
Global trade has declined since World War II.
Signup and view all the answers
China is not a major center for container shipping.
Signup and view all the answers
Commercial ships rely on renewable energy sources for fuel.
Signup and view all the answers
Shippers might have unique demands for transportation, facilities, and communication based on the physical and marketing characteristics of the freight.
Signup and view all the answers
Logistics competency mainly focuses on tracing the location of freight during transit.
Signup and view all the answers
Security in logistics refers to ensuring safety of the freight in-transit to avoid loss and damage costs.
Signup and view all the answers
Carrier capability is the first consideration when evaluating the potential use of a transportation mode for movement.
Signup and view all the answers
Motor carriers often do not have the advantage of providing direct point-to-point service.
Signup and view all the answers
Longer transit times usually result in reduced total transportation costs due to increased efficiency.
Signup and view all the answers
Capacity management in the sector offers prospects for sustained profitability despite ongoing financial, technological, and regulatory challenges.
Signup and view all the answers
The structural changes in the industry do not impact profitability potential.
Signup and view all the answers
The number of ships is a factor that influences Supplier Power in the industry.
Signup and view all the answers
The Buyer Bargaining Power is not influenced by buyer concentration or buyer volume.
Signup and view all the answers
Access to exclusive inputs is not a consideration for new entrants in the industry.
Signup and view all the answers
Labour costs do not affect Supplier Power in the industry.
Signup and view all the answers
HKTVmall sold 4.5 million masks in February 2020.
Signup and view all the answers
HKTVmall lowered commission fees on masks and medical supplies from 25% to 10%.
Signup and view all the answers
HKTVmall explored new suppliers in North America.
Signup and view all the answers
Foreign markets contributed significantly to Hong Kong's PPE needs in 2020.
Signup and view all the answers
HKTVmall had four decision points to consider.
Signup and view all the answers
Developing own supply was not a recommended option for HKTVmall.
Signup and view all the answers
