LSCM 4360 EXAM I (1, 2, 3 , 4 , 5) with correct answers 100% 2026

LSCM 4360 EXAM I (1, 2, 3 , 4 , 5) with correct answers 100% 2026 International trade is still mostly concentrated among the developed countries of the Northern Hemisphere. Which country is the largest importer of the world? - Correct Answer United States On occasion, a firm will respond to a competitor's move by retaliating. For example, Linde Gas (an American firm producing industrial gasses) entered the French market when Air Liquide (a French company in the same industry) decided to enter the U.S. market. Such a move is considered a - Correct Answer competition driver A country enjoys an absolute advantage in the production of a particular good when it can produce it at a lower price than another country. - Correct Answer True The country that represents the largest share of international trade is the United States. - Correct Answer True According to the International Product Life Cycle Theory, the country(ies) most likely to manufacture a product that has been recently developed (one that is the result of a brand-new design and uses patented technology) and is in its first commercialization year, is (are) - Correct Answer the country of innovation only In Stage 1 of Product of innovation - imports are high as product is imported from other countries because of demand. - Correct Answer False Market Drivers is when a firm explores selling goods or services in other markets to international markets for new customers - Correct Answer True Competition Drivers is when companies exits foreign markets because of competition - Correct Answer False Logistics clusters form when logistics companies concentrate in one geographic area. - Correct Answer True Competitive clusters form when companies in the same industry, as well as their suppliers, concentrate in one geographic area. - Correct Answer True The single most important development in international ocean shipping was the creation of containers. - Correct Answer True What are characteristics of the "early days" of logistics? - Correct Answer -an emphasis on making sure that the goods arrived in good condition -an emphasis on low-cost transportation -long transit times MRP, MRP II, and DRP are inventory management techniques that allow manufacturers to reduce their inventory levels. - Correct Answer True It is not unusual for companies shipping to large manufacturers and retail chains to be penalized financially (not receiving the full invoice amount) for not - Correct Answer delivering the goods on the day and at the time promised "Supply chain management" is now considered to include not only the management of all of the activities that are part of "logistics," but also the management of the relationships of a company with its suppliers and customers. - Correct Answer True It is generally accepted that - Correct Answer supply chain management encompasses activities that are broader than those of logistics management. The definition of "international supply chain management" is the same as the definition of "supply chain management," except that it makes explicit the fact that SCM - Correct Answer -is global -is international -includes international activities What are the challenges of international logistics? - Correct Answer -infrastructure differences -insurance complexities -paperwork requirements Which country is more likely to lag in terms of green practices, according to the IBM study mentioned in the text? - Correct Answer North America Companies increasingly are designing products so that they can gain a competitive advantage through reverse logistics. Returned products are - Correct Answer -refurbished for resale in secondary markets -reused (packaging or containers) -re-manufactured (restored to their original performance standards) -discarded Given the differences logistics managers may find in other countries and cultures, it is important for them to adapt to what is unfamiliar in those other countries and cultures - Correct Answer True A country's court system could be considered to be part of its infrastructure. - Correct Answer True As the size of ships has increased, ports have been challenged in keeping up with the ability to handle them. - Correct Answer True Of the following, the best definition of logistics infrastructure would be that it consists of - Correct Answer all of the elements in place to facilitate transportation, communication, and business exchanges What are inclusive of a ports infrastructure? - Correct Answer -Air Draft -Bridge Draft -Cranes Water Draft is the depth of water determines the size of ships that can dock in a port - Correct Answer True A characteristics of the Saint Lawrence Seaway is - Correct Answer it links the Great Lakes to the Saint Air Draft is the bridge clearances also determine which ships can safely travel under to reach a port - Correct Answer True Post Panamax is the largest ships that can get through the Suez Canal.. - Correct Answer True Post-Panamax ships have resulted in - Correct Answer cranes being unable to reach across post-Panamax ships. Eighteenth century development of railroads often followed military strategies. - Correct Answer True Of the following, the best definition of logistics infrastructure would be that it consists of - Correct Answer all of the elements in place to facilitate transportation, communication, and business exchanges Factors contributing to renewal of merchandise traffic on railroads: - Correct Answer -Increased road congestion. -Concerns about pollution and noise. -Development of multi-modal containers In countries with poor traditional telephone services, communications infrastructure has rapidly been developed through - Correct Answer Cellular technology Distribution channel infrastructure includes the following: - Correct Answer -Agents and distributors -Retail distribution -Advertising and promotion -Trade shows