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APICS Certified Supply Chain Professional Questions 699–707 (page: 48)

Updated On: 1-Feb-2026

Which of the following challenges is a major concern when sourcing globally if a contract requires significant local content percentage?

  1. Identifying sources capable of producing the materials
  2. Protecting the firm's intellectual property
  3. Communicating with suppliers and transportation companies
  4. Guaranteeing the security of product in transit

Answer(s): D



Which of the following market research methods seeks to find commonalities in various groups of consumers?

  1. Focus group analysis
  2. Secondary market data analysis
  3. In-depth interviews
  4. Market segmentation analysis

Answer(s): D



Which of the following benefits may be realized by participating within a trading bloc?

  1. Members of the trading bloc will pay the same tariffs as non-members.
  2. Small companies have incentives to produce and sell products within a trading bloc.
  3. Member countries within the trading bloc have barriers reduced or removed.
  4. Trading blocs are generally geographically close.

Answer(s): C



What is the most likely outcome when a company adopts blockchain technology?

  1. Improved traceability
  2. Reduced costs
  3. Improved customer service
  4. Reduced transportation times

Answer(s): B



As opposed to functional products, innovative products have which of the following characteristics?

  1. Lead times are longer.
  2. Product life cycle is longer.
  3. Profit margins are lower.
  4. Demand uncertainty is higher.

Answer(s): D



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