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Questions
BUSML 3380 AU2025 (2039) Terms and Definitions - Set 1
Matching
Match the term to the appropriate definition. 1: The act of reintroducing domestic manufacturing to a country. 2: Proactively managing the two-way movement and coordination (that is the flows) of goods, services, information, and funds from raw material through end user. 3: The agreement expected to replace NAFTA that increases environmental and labor regulations and incentivizes more domestic production of cars and trucks. 4: The principal economic utility associated with marketing activities. 5: A direct to consumer business model where all sales channels ranging from online, mobile, telephone, mail order, self-service, and physical retail establishments are aligned and fulfillment processes integrated to provide shoppers with a seamless shopping experience.
Options
A.Nearshoring
B.US-Mexico-Canada Agreement (USMCA)
C.Colombia Trade Promotion Agreement (CTPA)
D.Reshoring
E.Omni-channel Retailing
F.Supply Chain Management
G.Possession Utility
View Explanation
Standard Answer
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Approach Analysis
To tackle this matching task, I’ll pair each definition with its most appropriate term and then evaluate both the correct choices and the distractors.
Definition 1: 'The act of reintroducing domestic manufacturing to a country.' The term that fits this description is Reshoring, which means bringing manufacturing activities back to the home country after being offshored. Other options like Nearshoring suggest moving production closer to the home country but not necessarily returning it domestically, so they don’t match this definition.
Definition 2: 'Proactively managing the two-way movement and coordination (that is the flows) of goods, services, information, and funds ......Login to view full explanationLog in for full answers
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