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A vertical b horizontal c wide area d local 4 an

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a. Verticalb. Horizontalc. Wide-aread. Local4. An international logistic channel is a quick, flexible and interconnected system,driven by the mechanism of the customers’ choice, aiming to achieve a high levelof _______________ as well as to gain the highest possible profit by the compa-nies within this channel.a. Process orientationb. Customer satisfaction
173Self-LearningMaterialNOTESGlobal LogisticsValue ChainManagementc. Global expertised. Global sourcing5. _______________ logistics focuses on performing value-added services in arelatively controlled environment.a. Internationalb. Domesticc. Inboundd. Outbound6. _______________ and _______________ are represented by four D’s: distance(longer), documents (extensive), diversity in culture (wide variation with culturaldifference) and demand of customers (variable and fluctuating demand).a. Market and competitionb. Time and resourcesc. Cost and complexityd. Hurdles and constraints7. In the global environment, _______________ becomes difficult compounded bycustom laws, government policies and complexities as well as facilitating inter-mediaries such as banks, insurance firms, legal counsellors and transportcarriers.a. Calculatingb. Transportationc. Marketingd. Forecasting8. Which method is a preferred method of operation for the players with limitedinternational experience at global operating levels?a. Internal exportb. Arm’s lengthc. Insider business practicesd. Denationalized operations9. At _______________ level, companies would have local market presence in for-eign countries, and internal operations would include marketing, sales, produc-tion and distribution.a. Level 2: Internal exportb. Level 5: Denationalized operationsc. Level 3: Internal operationsd. Level 1: Arm’s length10. _______________ may either stimulate or reduce international trade, and it canalso reduce the access of the firms to more efficient producers or markets outsidetheir region.a. Customs Unionb. Free Trade Agreement (FTA)c. Economic Uniond. Common marketAnswers:1. b; 2. c; 3. a; 4. b; 5. b; 6. c; 7. d; 8. b; 9. c; 10. b
174Self-LearningMaterialAdvancedSupply ChainManagementNOTESDescriptive Questions1. What do you mean by the term “Value” in Global Logistics Value ChainManagement?2. Discuss with examples the three significant barriers to global logistics?3. Enumerate the global operating levels initiated by the logistics companies.4. Trace the evolution of international logistics by identifying its key drivers.5. Write a brief note on future of logistics industry in India. What has been the roleof the Indian government in this?6. Discuss the introduction and development of e-commerce industry in India. Howhas this affected the logistics industry in India?ReferencesPorter, Michael E. 1985.Competitive Advantage. New York: The Free Press.BibliographyBaufield, Emiko. 1999.Harnessing Value in Supply Chain: Strategic Sourcing in Action. NewYork: Wiley.

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