What is first step in the supply chain management process

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Reference no: EM132222166

1. In specialized international lending activity, firms may engage in ________, where they buy foreign accounts receivable at a discount from face value.

a. lading

b. documentary collecting

c. factoring

d. financial drafting

2. What is the first step in the supply chain management process?

a. deciding how to transport finished goods to buyers

b. determining the most profitable target market

c. deciding how to acquire raw materials from local suppliers

d. determining the appropriate degree of vertical integration

3. Sourcing and procuring refer to ________.

a. production management

b. supply chain management

c. integration management

d. service operations management

4. Janson Enterprises, a U.S. firm, is exporting medical equipment to an Indonesian firm that has poor credit. Which method of payment would Janson most likely prefer?

a. open account

b. letter of credit

c. credit card

d. payment in advance

Reference no: EM132222166

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