Question 1

Channels through which information, material, and money flow between a company and its suppliers

Accepted Answer

The answer of Channels through which information, material, and money...

Question 2

The process of comparing a business process and performance metrics to industry best practices from other companies; it can be used to track performance over time

Accepted Answer

The answer of The process of comparing a business process...

Question 3

A type of label indicating that compliance with standards has been verified by an outside agency

Accepted Answer

The answer of A type of label indicating that compliance...

Question 4

An association of two or more companies with the objective of pooling their resources to achieve a common goal

Accepted Answer

The answer of An association of two or more companies...

Question 5

All selling activities such as tour operators and concessionaires

Accepted Answer

The answer of All selling activities such as tour operators...

Question 6

A proportionate saving in costs gained by an increased level of production

Accepted Answer

The answer of A proportionate saving in costs gained by...

Question 7

Companies in the supply chain, with direct contact to end customers, and having bargain power over other actors in the supply chain

Accepted Answer

The answer of Companies in the supply chain, with direct...

Question 8

Collaboration between firms in the same level of the tourism supply chain

Accepted Answer

The answer of Collaboration between firms in the same level...

Question 9

A working document that outlines the process of managing waste that is created, implementing disposal methods that reduce harm to the environment, and waste reduction methods, such as reusing, recycling, and composting

Accepted Answer

The answer of A working document that outlines the process...

Question 10

When consumer goods and services are imported from abroad or when tourism revenue leaves an economy

Accepted Answer

The answer of When consumer goods and services are imported...

Question 11

The process of transporting goods and services backward along the supply chain, such as returned or defective products, or the disposal of waste

Accepted Answer

The answer of The process of transporting goods and services...

Question 12

A network of tourism organizations involved in a series of diverse activities, including the provision of an entire spectrum of components of tourism products/services, such as flights and accommodation, ending with the sale of tourism products in the tourism region

Accepted Answer

The answer of A network of tourism organizations involved in...

Question 13

The inputs that a company buys to make or sell its product and includes suppliers, purchases and production lines

Accepted Answer

The answer of The inputs that a company buys to...

Question 14

A system which describes how private businesses in collaboration with governments and civil society receive or access resources as inputs, add value through various processes (planning, development, financing, marketing, distribution, pricing, positioning, among others) and sell the resulting products to visitors

Accepted Answer

The answer of A system which describes how private businesses...

Question 15

Collaborations between a firm at different levels within the supply chain, such as inputs, or the partners to which they sell their final products

Accepted Answer

The answer of Collaborations between a firm at different levels...

Quiz 9: Supply and Value Chain Management