The Global Supply Chain Revolution

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Questions and Answers

Which factor has contributed to the emergence of global supply chains?

  • The establishment of international trade agreements
  • Advances in transportation and communication technology (correct)
  • The liberalisation of trade policies
  • The growth of international trade

What has facilitated the growth of international trade?

  • The liberalisation of trade policies
  • The rise of global supply chains
  • The growth of multinational corporations
  • The establishment of international trade agreements (correct)

What has allowed multinational corporations to source raw materials and labor from around the world?

  • The rise of global supply chains (correct)
  • The growth of international trade
  • The establishment of international trade agreements
  • The liberalisation of trade policies

What has led to increased efficiency and lower prices for consumers?

<p>The rise of global supply chains (A)</p> Signup and view all the answers

What has allowed countries to specialize in the production of goods and services?

<p>The rise of global supply chains (B)</p> Signup and view all the answers

Which of the following factors has NOT contributed to the promotion of globalization?

<p>Rise in production costs (A)</p> Signup and view all the answers

Which of the following has made it easier and cheaper to move goods, people, and ideas across borders?

<p>Advances in communication technology (A)</p> Signup and view all the answers

What has facilitated the growth of international trade and investment?

<p>Liberalisation of trade policies (C)</p> Signup and view all the answers

What has played a significant role in promoting globalization?

<p>Multinational corporations (D)</p> Signup and view all the answers

What has led to increased efficiency and lower prices for consumers?

<p>Advances in communication technology (D)</p> Signup and view all the answers

Which of the following has contributed to the growth of cultural exchange and the spread of ideas and knowledge?

<p>Migration (D)</p> Signup and view all the answers

What has led to increased financial interconnectedness around the world?

<p>Capital flows (C)</p> Signup and view all the answers

Which factor has facilitated the growth of global governance and the coordination of policies across borders?

<p>International cooperation (A)</p> Signup and view all the answers

What has allowed investors to move money quickly and easily around the world?

<p>Advances in financial technology (A)</p> Signup and view all the answers

Which of the following has NOT contributed to the growth of cultural exchange and the spread of ideas and knowledge?

<p>Capital flows (D)</p> Signup and view all the answers

Which of the following is an example of protectionism?

<p>Imposing tariffs on imported goods (C)</p> Signup and view all the answers

What are the potential outcomes of protectionist policies?

<p>Reduced competition and higher prices for consumers (D)</p> Signup and view all the answers

What are labor standards?

<p>Rights and safeguards provided to workers (C)</p> Signup and view all the answers

How can companies benefit from lax labor laws in some countries?

<p>By exploiting cheap labor, child labor, and forced labor (A)</p> Signup and view all the answers

What is one of the challenges businesses face in ensuring ethical labor standards in global supply chains?

<p>The absence of globally consistent labor standards (B)</p> Signup and view all the answers

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