Negotiations Between Buyers and Suppliers from Different Parts of the World

question 88

Multiple Choice

Negotiations between buyers and suppliers from different parts of the world are difficult due to

• A)differences in exchange rates.
• B)cultural differences.
• C)differences in GDP.
• D)political pressure.

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Definitions:

Transportation Costs

Expenses associated with moving goods from one location to another.

Third-Party Logistics Service Providers (3PLs)

Companies that provide outsourced logistics services to businesses for part, or all of their supply chain management functions.

Logistics

The detailed coordination of a complex operation involving people, facilities, or supplies, in the transportation, warehousing, and distribution of goods.

Economic Regulations

Laws and rules imposed by the government aimed at controlling prices, competition, market entries, or exits to ensure fair economic practices.