International Supply Chains Add Layers of Complexity to the Flow

question 140

Multiple Choice

International supply chains add layers of complexity to the flow of information,merchandise and payments.Neiman Marcus has been able to develop expedited shipments through customs,which gives it an advantage in having the most up-to-date merchandise,by:

• A)payment of "grease money" to US Customs officials in accordance with the Foreign Corrupt Practices Act.
• B)working through Congress and the federal agencies to create special laws and customs to expedite getting shipments through Customs,even though this adds to the costs the consumers must pay.
• C)using an Internet-based information system to ensure all paperwork and documentation are properly prepared on time.
• D)buying from American suppliers as much as possible so that the firm does not have to go through the costly and time-consuming Customs processes.
• E)using the Internet to create a "parallel" manufacturing system that copies designs and materials exactly,but inside the US so importing is no longer an issue.

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Definitions:

Short-termism

Emphasizing immediate outcomes over strategies that ensure long-term success.

Quarterly Earnings

Financial reports released by companies every three months, detailing earnings, expenses, and net profit during that period.

Energy Consumption

The total amount of energy used by individuals, organizations, or countries, often measured in joules, kilowatt-hours, etc.

GDP

Gross Domestic Product, which measures the market value of all final goods and services produced within a country in a given period.