1.Supply chain management has enabled some companies to operate more efficiently and compete more effectively on a global basis. What inherent characteristics of supply chain management contribute to these outcomes?

2.Robotics has attracted more attention in recent years. Why?

How are robots being used in supply chains?

3.The overall growth of global trade had more than doubled since 2000. Why?

What has been the most important factor prompting this growth.

Is this rate of growth likely to continue in the future? Why or why not?

4.

describe the theories of absolute and comparative advantage.

Both have been offered as an economic rationale for trade between and among regions and countries.

Compare and contrast the two concepts.

5.The size of a country's population and the associated age distribution can be causal factors for economic growth. Why is the size of the population important to economic development?

Can size be a disadvantage? Why is age distribution important?