Chapter 1:

Question 1 - Given the total volume and importance of international trade and international exchanges, describe the implications to someone's career in business, and to your education in particular.

Question 2 - Wal-Mart is famous for requesting ever lower price points from its suppliers: if a supplier offers a product for $45.00, Wal-Mart will ask the supplier to consider introducing a similar product for $39.00. According to the Heckscher-Ohlin Factor Theory, which consequences do such requests have?

Chapter 2:

Question 1 - What are the principal distinct components of international logistics?

Question 2 - What are the major costs of international logistics? Given what you read in Chapter 1 about the World Trade Organization, what trend do you expect these costs to follow?

Question 3 - MRP and DRP have allowed manufacturers and retailers to carry less and less inventory. What consequences would a major snow storm or disruption of transportation have on such Just-In-Time management systems?