What ocean shipping innovation made international shipping more standardized and
ID: 340024 • Letter: W
Question
What ocean shipping innovation made international shipping more standardized and economical and helped fuel the growth of the consumer business in the US over the past 20 plus years?
a.
Disney Cruises
b.
International trade lanes
c.
Liner shipping
d.
Containerized shipping
In looking at a Strategic Partnership in supply chain what would be the three competency areas that you would look for the companies to align on?
a.
Revenue, cost and capital
b.
People, process and technology
c.
Culture, government and revenue
d.
Expertise, strategic fit and ability to invest
When discussing supply chain sustainability what is referred to as the Triple Bottom Line (3BL)?
a.
Products, Services and Profit
b.
People, Planet and Profit
c.
Cost, Capital and Cooperation
d.
Transportation, Distribution and Procurement
The EOQ model of Inventory Management considers what two basic types of costs?
a.
Inventory and capital costs
b.
Inventory carrying costs and ordering costs
c.
Warehouse and labor costs
d.
Inventory carrying costs and manufacturing overhead
a.
Disney Cruises
b.
International trade lanes
c.
Liner shipping
d.
Containerized shipping
Explanation / Answer
It is the containerized shipment which has revolutionaised ocean shipping around the world including USA. Containerized shipping allows even small quantity of shipment to made in a secured manner through ocean routes which is not possible through other types of shipping e.g bulk shipping.
ANSWER : d ) containerized shipping
People and the Process are always the most important aspects for any strategic partnership. Technology in addition makes the supplementary role to strengthen the activity and strategic partnership.
ANSWER ; b ) PEOPLE , PROCESS AND TECHNOLOGY
One theory of corporate social responsibility is the Triple Bottom Line. ... This theory focuses on sustainability, and requires that any company weigh its actions on three independent scales: economic sustainability, social sustainability, and environmental sustainability. This is also commonly called as Three Ps : People Planet and Profits
ANSWER : b ) People , Planet and Profit
EOQ model minimizes annual total cost of following:
ANSWER : b ) Inventory carrying cost and ordering cost
ANSWER : d ) containerized shipping
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