International Trade Growth
30 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the primary reason for the significant growth in international trade between 1953 and 2019?

  • Increase in transportation costs and transit times
  • Massive liberalization of international trade (correct)
  • Reduction in the number of international organizations
  • Decrease in consumer acceptance of foreign products

    • According to the data, how many times larger was international trade in 2019 compared to 1953?

  • 50 times larger
  • 5 times larger
  • 20 times larger
  • 29.6 times larger (correct)

    • What enabled companies to expand their sales beyond their domestic borders?

  • Greater consumer acceptance of foreign products (correct)
  • Decrease in consumer acceptance of foreign products
  • Increase in transportation costs
  • Reduction in the number of international organizations

    • Which view suggests that logistics and SCM are separate entities with some overlap?

    <p>Intersectional view</p> Signup and view all the answers

    What was the average annual growth rate of international trade between 1953 and 2019?

    <p>4.96 percent</p> Signup and view all the answers

    What contributed to the growth of international trade, apart from liberalization?

    <p>Creation of international organizations and decrease in transportation costs</p> Signup and view all the answers

    What was the main characteristic of international trade during the bulky material trade era?

    <p>Bulky raw materials like iron ore and coal</p> Signup and view all the answers

    How much did international trade grow between 1953 and 2019?

    <p>2,858 percent</p> Signup and view all the answers

    What led firms to focus on reducing costs in other areas?

    <p>Increased competition and product prices</p> Signup and view all the answers

    What was the effect of deregulation on transport markets?

    <p>Markets became more contestable and prices decreased</p> Signup and view all the answers

    What is a notable example of a company that benefited from transport deregulation?

    <p>FedEx</p> Signup and view all the answers

    What is a key factor that contributed to the shift from logistics to SCM?

    <p>Deregulation of transport</p> Signup and view all the answers

    Which stage typically has the lowest value-added in the production process?

    <p>Assembling</p> Signup and view all the answers

    What new trend involves the value-added and cargo volume generated by production stages along the supply chain?

    <p>Relocation of manufacturing activities</p> Signup and view all the answers

    Which country earned the title 'Factory of the World' due to its substantial portion of the global manufacturing sector?

    <p>China</p> Signup and view all the answers

    What major change is anticipated regarding China's role as the 'factory of the world'?

    <p>Decrease in labor force cost</p> Signup and view all the answers

    What is the standard size of a reference container often used to carry heavier goods?

    <p>20-foot box</p> Signup and view all the answers

    What complements freight transportation modes by offering higher liquidity and standardization of loads?

    <p>Container usage</p> Signup and view all the answers

    What is a key characteristic of maritime logistics?

    <p>Cost efficiency</p> Signup and view all the answers

    What is a challenge posed by sea freight?

    <p>Slow speed</p> Signup and view all the answers

    What are the three main factors contributing to delays in maritime logistics?

    <p>Pre-shipment, discharge port, and unexpected delays</p> Signup and view all the answers

    What is a potential benefit of good logistics systems?

    <p>Improved economic well-being of developing countries</p> Signup and view all the answers

    What is a recent trend in the logistics industry?

    <p>Consolidation and fewer services</p> Signup and view all the answers

    Why is sea freight highly competitive for certain products?

    <p>Affordability</p> Signup and view all the answers

    What is the majority of containers in terms of length?

    <p>Forty feet</p> Signup and view all the answers

    What is the height of a forty-foot high cube container?

    <p>9 feet 6 inches</p> Signup and view all the answers

    What is the purpose of an owner code on a container?

    <p>To identify the owner of the container</p> Signup and view all the answers

    What does the product group code 'U' refer to?

    <p>A general use container</p> Signup and view all the answers

    What is the advantage of standardization in containerization?

    <p>It provides a standard transport unit that can be handled anywhere in the world</p> Signup and view all the answers

    What is the maximum number of TEU that the Emma Mærsk can officially carry?

    <p>11,000 TEU</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser