An Import Quota Is an Example of a Cultural Barrier

question 32

True/False

An import quota is an example of a cultural barrier to global business.

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Definitions:

Supply Chain Management

The oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.

Resource Supplies

The availability and allocation of resources (such as raw materials, finances, and labor) necessary for the production of goods and services.

Coordination

Coordination involves the organization and synchronization of activities, tasks, or efforts in a process to ensure smooth and efficient operation or workflow.

Centralization

The accumulation of decision-making power at the uppermost tiers of an organization's structure.