Reference no: EM132308341

1. Regional FTA are preferred by many countries, not for the WTO because…. (S)

1. It is easier for a small number of countries to reach an agreement than a large amount

2. All other answers are correct

3. The goals of Regional Free Trade Agreements most likely than not fit well with those of the WTO

4. WTO negotiations tend to be at a slow pace.

2. If lead-time was not an issue of concern, where in the supply chain would it be best to hold inventory?

(assume that there is not tax implications for holding inventory anywhere).

In a regional warehouse in the US

At the port terminal in the US

On the shelves at a retail store

In a warehouse at the country of origin, near the supplier from whom you buy the product.

3. What are logistics clusters? (S)

1. Geographic concentration of companies in the transportation and distribution industry

2. Using different modes of transportation to get a product from point A to point B

3. Where people meet to talk about supply chain management

4. A zone of trading where there are no customs or duties attached with trade zones

4. Modern supply chains have become______________. (S)

1. More complex

2. Interconnected

3. All other answers describe modern supply chains

4. Multilayered

5. Expansion and stability are reasons to engage in international trade are part of what driver?

1. access

2. cost

3. market

4. technology

6. While containerized ocean freight have become key in the international product flows; several aspects, within and outside the port, adversely impact trade flows including

1. operational challenges

2. infrastructure

3. All other answers adversely impact trade flows.

4. regulations