Incoterms Study guides, Class notes & Summaries

SCMN 2150 FINAL EXAM QUESTIONS AND ANSWERS GRADED A+ Which global channel focuses on the documentation needed for government compliance, visibility, and control of goods moving globally. A.) Communication channel B.) Transaction channel C.) Distribution channel D.) Omni-channel A.) Communication channel According to a study by Stanford University, cross border trade processes can involve up to 106 steps. What problem does this cause? A.) Greater in-transit visibility B.) Lowe...

Role of BUYER / IMPORTER in Finances the Transaction? a. Needs funds for production and the period before payment is received, and prefers that the seller finance the transaction b. Prefers that the seller bear the credit risk and wants to make certain that he receives the goods once he has paid c. Needs funds for payment and during the period before resale of goods, and prefers that the seller finance the transaction d. Prefers that the buyer bear the credit risk and wants to make certain h...

L4M8 CIPSABC Analysis - correct answer A technique used to categories suppliers into three groups of decreasing value. A Group - 10-15% of your suppliers, but 80% of the spend. B Group - represent 20-25% of your suppliers, but only 15% spend. C Group - Represent 60-70% of your suppliers, but only 5% of the spend. Breakers - correct answer A company that buys decommissioned machinery and strips it of useful parts to then sell on. Business Case - correct answer A document containing ...

Industrial purchasing exam questions And Answers, Verified Solution Name the six different stages of vW's purchasing process model and their main activities/elements Determining specification Different types of specifications are functional, technical, quality, maintenance, logistics, legal, budget, etc. Selecting supplier 8 steps: (1) choosing between turnkey or partial subcontracting, (2) using the purchase order specification to form the bidder’s long list, (3) send out RFI to these...

L4M8 CIPS questions with correct answers graded A+ 2024 passedABC Analysis - correct answer A technique used to categories suppliers into three groups of decreasing value. A Group - 10-15% of your suppliers, but 80% of the spend. B Group - represent 20-25% of your suppliers, but only 15% spend. C Group - Represent 60-70% of your suppliers, but only 5% of the spend. Breakers - correct answer A company that buys decommissioned machinery and strips it of useful parts to then sell on. B...

The ability of a company to address the needs of and inquiries and requests from customers refers to: on-time delivery. customer service. order fill rates. customer relationship management. - Answer customer service.: Customer service is the ability of a company to address the needs of and inquiries and requests from customers. Which of the following is included in the cost of goods sold? Standard cost General and administrative expenses Revenue Overhead - Answer Overhead: The cost of...

CPCM Study Guide Questions with Correct Answers Trademark - Answer-word, name, symbol, or device that is used with goods to indicate the source of the goods and to distinguish from the goods of others. constructive acceleration - Answer-requirement that a contractor complete its work by a date earlier than one that would reflect the time extensions to which it's entitled because of an excusable delay. price analysis - Answer-process of examining & evaluating a price without the evaluati...

IB 200 UW Madison Final Exam Review Questions and Answers with complete solution(Latest)

Chapter 6 International Terms of Trade with New 2020 Incoterms