GSCM 310 Final Exam 2022 with complete solution
Chrysler develops a universally sized radiator cap to reduce assembly time. This is an example of -Answer- economies of scale
It is rare to find a single manufacturer
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GSCM 310 Final Exam 2022 with complete solution
Chrysler develops a universally sized radiator cap to reduce assembly time. This is an example of -Answer- economies of scale
It is rare to find a single manufacturer who can deliver on cost and dependability -Answer- False
According to the global manufacturing model, if the clothing industry in Bangladesh matures, trends suggest that in 10-20 years, it will be able to compete with the high quality clothing industry in which one of the following countries? -Answer- Italy
_______ suggests that although in the short term it is possible to trade off capabilities one against the other, there is actually a hierarchy amongst the four capabilities. -Answer- Sand cone model: quality, dependability, speed, cost
Clothing exporting accounts for about 80% of this country's annual total exports -Answer- Bangladesh
The components of the Dodge Ram are inherently more American than those of foreign manufacturers like Toyota -Answer- False
The conventional trade-off model states that unless there is some slack in the system, improving any one of the four basic manufacturing capabilities - Quality, Dependability, Speed and Cost - must necessarily be at the expense of ______________ or more of the other three. -Answer- One
According to Deloitte's Global Manufacturing Competitiveness Index, cost is the single most important aspect of determining a country's manufacturing competitiveness. -Answer- False
How do you judge whether or not a suit is high quality? -Answer- The fit
According to Ferdows and de Meyer, the trade-off theory applies in all cases. -Answer- False
Mark claims that once you get his business he will be your best _________. -Answer- Customer
Traeger was what percent of Mr. Joe's business? -Answer- 95%
Which of the following wasn't a worry of Mark's after he found the knockoff grills online? -Answer- The other grills would gain market share
Mark never looked for a win-win negotiation. He just made sure that he would come out on top. -Answer- False
In July of 2017 Mark fulfilled his promise and buried Mr. Joe. -Answer- True
When Mr. Joe heard that Mark knew about him manufacturing grills for someone else he apologized. -Answer- False
After Mark found another grill that Mr. Joe was manufacturing, what did he do? -Answer- Nothing
According to Mark, what does TAM stand for? -Answer- Total addressable market
According to Mark, Patience protected his business and his customers. -Answer- True
What company did Mark work for before going to Traeger? -Answer- Skull candy
What is the end goal of China's One Belt One Road policy? -Answer- To connect Europe and Asia with a new silk road
An iphone has parts from over ________ countries? -Answer- 80
What is the vision for the African Continental Free Trade Agreement (AfCFTA) discussed in the video about Africa's free trade zone? -Answer- Meant to strengthen inter-african trade
Among the top 30 performers in the LPI, ___ % of shipments fail to meet the quality criteria set by those countries. -Answer- 10%
Free trade zones, containers, and good infrastructure provide global markets with -Answer- Greater efficiency in Global Trade
Easier transaction in global trade
Capabilities for countries to increase trade
According to the video on Air Freight, what is the link between eCommerce and air freight -Answer- eCommerce's quick fulfillment expectations drives great need for global air freight
Implementing effective logistics infrastructure in impoverished countries can help to alleviate poverty and increase economic well-being. -Answer- True
According to the Logistics Performing Index (LPI) studied in the module, which country ranks last? -Answer- Syria
Countries with the best logistics tend to be high-income, while countries with poor logistics tend to be low-income -Answer- True
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