knowlege/understanding Flashcards
using more then one method of transportation to distribute a product to the consumer
Intermodel shipping
A form of business organization in which company owns the whole supply chain or significant part of the supply chain
Vertical integration
The official document that indicates that a transportation company accepts goods for shipment
Bill of Lading
A financial guarantee from the buyers bank that the buyer has sufficient collateral on deposit to pay for a shipment
Letter of credit
when a company collects its own data
Primary research
The sum total of all activities involved in moving productions into an organization and out of an organization towards the end, consumer
Supply chain
The integration of traditional methods of advertising with interactive media
omnichannel
The amount of money remaining from an individual salary or wages, after all essential, living expenses have been paid
Discretionary income
A method of expanding a company by acquiring its competitors
Horizontal integration
stock keeping units, barcodes, and universal product codes are used in this link of the supply chain
Inventory management
In most cases, it’s the responsibility of the seller to arrange the shipment of goods to the buyer. If the buyer is responsible for carrier selection, custom documents, and all costs, the goods are said to be shipped.
EX works (EXW)
Inspecting containers for obvious damage assigning SK use to items and recording. The location of items are all a part of.
The receiving process
purchasing a product from Kijiji, or craigslist, is an example of which e-commerce transaction type
C2C
companies are reluctant to be responsible for storage because
Storage increase the risk of theft and damage storage takes a valuable space which could be used for retailing or production warehouse storage requires expensive real estate so all of the above
when a company contracts out major business functions on a long-term basis to another company that specializes in that function, it is referred to as
Outsourcing
which of the following is considered an advantage of owning a branch plant in a foreign market?
lower price goods as a result of reduced shipping costs, removal of barriers, created by import regulations and tariffs, easy modification of products, to meet the preferences of local consumers so all of the above
which of the following is not one of the main links in the supply chain?
Vertical integration
entering a market at a high price during the introductory phase thereby fostering the image that the product is innovative and exclusive is called
Premium pricing
what is the major drawback of using a centralized marketing strategy?
Paying legal costs to ensure that products, and packaging me the standards of foreign countries
Ethnocentrism is a belief that
selling a product in another country should be based on the culture and customs of that country
