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Unformatted text preview:levels since the negatively correlated market demands reduce the overall demand variance across the markets which the centralized warehouse services. Answer Key: True Question 6 of 10 10.0 Points Regional trade agreements and the World Trade Organization provide a framework for managers in terms of investigating important facility location elements like tariffs, costs, and the free flow of goods and services in different regions of the world. Answer Key: True Question 7 of 10 10.0 Points With FOB pricing, a supplier is the legal owner of a product until the product reaches its destination. Answer Key: True Question 8 of 10 10.0 Points The critical issues in sustainable development are energy consumption/production, air pollution and climate change. Answer Key: True Question 9 of 10 10.0 Points The European Union (EU) created the world's largest free trade area. Answer Key: False Question 10 of 10 The primary objective of an offshore factory is to take advantage of low labor costs. Answer Key: True