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Global Logistics Exam 2
Terms in this set (15)
Chain of individuals and organizations involved in getting a product or service from the producer to the consumer.
Differentiated marketing functions by market segment
Order to the upstream member in supply chain exhibit greater variance than actual orders at point of sale
WTO in New Hampshire
Breton Woods Agreement established IMF and set a fixed rate of exchange between currencies
A trend of larger and larger swings in inventory in response to changes in customer demand
The value of one currency for the purpose of conversion to another
The acquisition of additional business activities that are at the same level of the value chain. Oil company acquires additional oil refineries.
When a company expands its business into areas that are at different points on the same production path, such as when a manufacturer owns its supplier and/or distributor.
Type of vertical integration. Involves purchase or control of distributors.
Type of vertical integration. Involves purchase or control of suppliers.
Trading among parties for immediate exchange
Trading among parties at a future price at some specific future date. Nothing happens until the option is executed.
Trading among parties at a fixed ratio and fixed price at some specific future date. Nothing happens before that date.
Changing domestic currency value of future cash flows to be earned in foreign currency
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