Question

1- True or False and why? - the relative ability or inability of International Suppliers to meet lead-time and quality requirements can be either an advantage or disadvantage when compared to sourcing domestically.

2.Name the one major benefit, and the one major downside, of using global trade intermediaries.

Answer 1

1. True. The reason being is that dealing with international suppliers are always a risk. They can be unpredictive with their lead time and qualities at times. It can be taken both as advantage or disadvantage while comparing to sourcing domestically. If they meet the lead time and quality requirements, then it will become a huge advantage but if, they won’t be able to meet the lead time and quality, then it will become disadvantage as well.
2. One of the major benefits of using global trade intermediaries is the lesser legal formalities which always come while dealing internationally, while one major downsides is the costing, which can increase as global trade intermediaries charge their commission as well.