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Questions Bank (1527421 total)

Supply Chain Risk Management (SCRM) focuses on:

Predicting and mitigating risks before disruptions occur

Increasing product obsolescence

Eliminating supply chain resilience

Ignoring risks and focusing only on cost reductions

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Which strategy helps businesses mitigate supply chain risks?

Having multiple sourcing locations

Relying on a single supplier

Reducing investment in risk management

Ignoring supplier reliability

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Which of the following is a key principle of circular economy?

Using materials once before disposal

Minimizing waste by maximizing reuse and recycling

Ignoring environmental regulations

Eliminating supply chain collaboration

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Closed-loop recycling refers to:

Destroying waste without reuse

Discarding waste materials in landfills

Reducing the recycling of materials

A system where recycled materials are continuously reused in new products

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What can cultural differences in business lead to?

Uniform practices

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What does CSR stand for in business?

Corporate Strategy Report

Customer Service Relations

Corporate Social Responsibility

Cost Savings Review

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Stakeholder theory suggests businesses should focus only on shareholders.

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True or False: Cultural differences can lead to misunderstandings in international business.

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Risk management is not important in corporate strategy.

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What is a potential challenge when entering a new market?

Familiarity with local customs

Similar business practices

Language barriers

Shared cultural values

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