Industries That Cannot Compete with Foreign Competitors at This Point

question 23

Multiple Choice

Industries that cannot compete with foreign competitors at this point in time,but will be able to once they gain some size and experience describes

• A)industries that are essential if a country is to become an industrial nation.
• B)industries needed for national defense.
• C)The infant-industry argument for tariff protection
• D)industries that are subject to anti-dumping regulations.

Recognize the role of technology in enhancing supply chain efficiency, including the implementation and security of CRM systems.

Grasp the concept and importance of supply chain flows (material, information, and financial).

Understand the strategic approaches companies like Zara use to gain competitive advantage in fast fashion.

Realize the significance of forecasting in supply chain management and its impact on the choice of supply chain model.

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Definitions:

Sanctions

Penalties or other means of enforcement used to encourage compliance with laws or regulations.

Norms

Shared beliefs or standards of acceptable behavior within a group or society.

Worst-case Scenario

The most severe or unfavorable outcome that may happen in a given situation.

Performance Norms

Standards and expectations set within a group or organization that dictate the level of performance and behavior of its members.