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Which of the following risks is associated with sourcing from low-cost countries? Select TWO:
Suggested Answer: D
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A black swan event is an unusual occurrence - something that is rare. See p.124
31 comments · newest first
SA
Santos
11 months ago
Really? I thought low costs meant lower risks overall.
CA
Carolynn
11 months ago
Financial risks are also a concern, for sure.
SO
Solange
12 months ago
Geopolitical risks? Not sure about that one.
EU
Eun
12 months ago
I agree, reputational risks are a big deal too.
JO
Jolanda
1 year ago
Definitely operational risks.
VA
Val
1 year ago
I feel like financial risks might not be as prominent, but I could be mixing it up with other practice questions we did.
AR
Arleen
1 year ago
Geopolitical risks seem relevant too, especially with current events affecting trade agreements.
LE
Leah
1 year ago
I'm not entirely sure, but I think reputational risks could be a concern if the sourcing practices are unethical.
KA
Karima
1 year ago
I remember we discussed operational risks in class, especially how they can arise from supply chain disruptions.
KE
Keith
1 year ago
I've got a good strategy for this - I'll eliminate the options that don't seem as relevant and then choose the two that fit best.
HE
Herman
1 year ago
I'm a bit confused by the wording of the question. I'll need to re-read it a few times to make sure I understand.
SL
Slyvia
1 year ago
Okay, let's see. Operational and reputational risks seem like the obvious choices here.
CO
Coleen
1 year ago
Hmm, I'm not too sure about this one. I'll have to think it through carefully.
MA
Margarett
1 year ago
This question seems straightforward, I think I can handle it.
KR
Kristal
2 years ago
I'm just going to go with the safe options, A and B. Gotta play it smart, you know? No need to tempt fate with those other risky choices.
RE
Refugia
1 year ago
User 4: Really? I prefer to play it safe like Erinn, A and B for me.
TU
Tuyet
1 year ago
User 3: I think I'll go with C and D, I like to take some risks.
ER
Erinn
1 year ago
User 2: Yeah, operational and reputational risks are definitely important to consider.
RO
Ronny
2 years ago
User 1: I agree, A and B seem like the safer choices.
AL
Almeta
2 years ago
User 2: Yeah, operational and reputational risks are definitely important to consider.
SA
Samuel
2 years ago
User 1: I agree, A and B seem like the safer choices.
AP
Apolonia
2 years ago
Financial risks? Well, duh! If your suppliers go belly-up, your entire operation goes down the drain. It's a high-stakes game, alright.
MY
My
2 years ago
I believe financial risks should also be considered. It's important to ensure the financial stability of the suppliers in low-cost countries.
MO
Moon
2 years ago
Geopolitical risks? That's a nice way of saying 'your factory might get invaded by a rogue nation'. Keeping an eye on the news is a must these days.
DE
Delbert
1 year ago
B) reputational risks
JA
Jacquelyne
1 year ago
I never thought about that, but it makes sense.
DE
Delisa
1 year ago
C) geopolitical risks
JE
Jerry
1 year ago
A) operational risks
MY
Myra
2 years ago
Operational risks and reputational risks? Sounds like a recipe for a global supply chain disaster! Buckle up, folks, it's going to be a wild ride!
DE
Derick
2 years ago
I agree with Lai. Operational and geopolitical risks are definitely concerns when sourcing from low-cost countries.
LA
Lai
2 years ago
I think A and C are the risks associated with sourcing from low-cost countries.