Unit Eight: Text Questions
1. What is logistics?
Logistics refers to the management of the physical flow of products from the point of origin of the raw
materials to end users as finished products.
2. How do agents, wholesalers, and retai
1. What do we mean by the term global business?
Global business is business throughout the world/other countries. It includes all the
things/actions needed to sell, create, and ship out exports to other countries.
2. Name two low-risk met
Unit One Lab Questions
1. Who is Prince Bandar?
He was Saudi Arabias ambassador to the United States and had a really good relationship
with the U.S. and several European Countries. He is now Secretary General of the
National Security Council.
2. Which co
1. What did the mural in Detroit illustrate? Why was the mural created?
The mural illustrated that Detroits economy is a site of cooperation, not class conflict. It
was created because the artist who made it was communist and he extremely opposed the
1. Why do people buy insurance
People buy insurance because they are unsure. They are filled with thoughts like what if.
Insurance is supposed to protect people after disasters of almost any kind such as providing
money and assistance to a family who just
1. Where do you see advertising in your own daily life?
I see advertising in my own daily life everywhere. Daily, we can see advertisements from TV, the
Internet, Newspapers/magazines, Billboards, and even at school! One of the most common