12 Questions
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
What is one of the major external drivers shaping the business landscape mentioned in the text?
Movement towards an integrated global economy
How has the compression of time and distance affected businesses?
Made businesses operate within a more intense economic environment
Why is it important for businesses to function at a global arena according to the text?
To remain competitive and survive in the current business landscape
What is the implication of firms needing to respond to external opportunities and threats?
Maintenance of competitive edge and survival
How do external opportunities and threats impact firms as mentioned in the text?
By influencing their competitiveness and survival
Which of the following is a key factor empowering consumers through the internet?
All of the above
What pressure do empowered consumers place on supply chains and logistics systems?
Pressure to improve efficiency and flexibility
Which of the following tools enable consumers and firms to gather timely information?
Search engines like Google, Yahoo, and Bing
What is the primary focus of military logistics?
Getting the right support to the right place at the right time
Which of the following best describes the role of logistics management?
Coordinating and optimizing all logistics activities
According to the Council of Supply Chain Management Professionals (CSCMP), what does logistics management involve?
All of the above
This quiz covers the overview of logistics, supply chain management, forces of change, Porter's value chain, competitive advantage, and the role of logistics in achieving competitive advantage. Get ready to test your knowledge on advanced logistics concepts.
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