Podcast
Questions and Answers
Why do firms need to be responsive to external opportunities and threats in a fluctuating business environment?
Why do firms need to be responsive to external opportunities and threats in a fluctuating business environment?
- To maintain their competitive edge in the global market (correct)
- To avoid regulatory compliance issues
- To reduce the cost of logistics operations
- To streamline internal communication processes
What is one of the major external drivers shaping the business landscape mentioned in the text?
What is one of the major external drivers shaping the business landscape mentioned in the text?
- Movement towards an integrated global economy (correct)
- Decrease in global competition
- Increased emphasis on local markets
- Expansion of traditional political boundaries
How has the compression of time and distance affected businesses?
How has the compression of time and distance affected businesses?
- Made businesses operate within a more intense economic environment (correct)
- Eliminated the need for competitive advantage
- Led to an increase in traditional political boundaries
- Reduced the need for supply chain management
Why is it important for businesses to function at a global arena according to the text?
Why is it important for businesses to function at a global arena according to the text?
What is the implication of firms needing to respond to external opportunities and threats?
What is the implication of firms needing to respond to external opportunities and threats?
How do external opportunities and threats impact firms as mentioned in the text?
How do external opportunities and threats impact firms as mentioned in the text?
Which of the following is a key factor empowering consumers through the internet?
Which of the following is a key factor empowering consumers through the internet?
What pressure do empowered consumers place on supply chains and logistics systems?
What pressure do empowered consumers place on supply chains and logistics systems?
Which of the following tools enable consumers and firms to gather timely information?
Which of the following tools enable consumers and firms to gather timely information?
What is the primary focus of military logistics?
What is the primary focus of military logistics?
Which of the following best describes the role of logistics management?
Which of the following best describes the role of logistics management?
According to the Council of Supply Chain Management Professionals (CSCMP), what does logistics management involve?
According to the Council of Supply Chain Management Professionals (CSCMP), what does logistics management involve?
