6-5. Name and describe the steps in the supplier selection and evaluation process.6-13. What are some of the challenges of implementing a global sourcing strategy?6-18. Discuss some of the ethical issues that are associated with procurement.14-9. Discuss four (out of eight) possible functions that might be performed by international freight forwarders.14-19. What are some of the challenges associated with inventory management in cross-border trade?Tammy Monahan is considering the purchase of a home entertainment center. The product attributes and weights she plans to consider are:portability .1sound projection .6warranty .3Tammy rated the brands as follows:portabilitysound projectionwarrantyBrand A687Brand B968Brand C596Using the Consumer Buying Matrix presented in Chapter 8, conduct a quantitative product evaluation rating for each brand. What other factors is Tammy likely to consider when making her purchase?2. Based on the following, calculate the costs of buying and of leasing a motor vehicle.Purchase Costs Leasing CostsDown payment $1,500Security deposit $500Loan payment $450 for 48 monthsLease payment $450 for 36 monthsEstimated value atEnd of loan $4,000End of lease charges $600Opportunity cost interest rate: 4 percent3. You can purchase a service contract for all of your major appliances for $180 a year. If the appliances are expected to last for 10 years, and you earn 5 percent on your savings, what would be the future value of the amount you would pay for the service contract? 4. You estimate that you can save $3,800 by selling your own home rather than using a real estate agent. What would be the future value of that amount if invested for five years at 7 percent?5. John Walters is comparing the cost of credit to the cash price of an item. If John makes a $60 down payment, and pays $34 a month for 24 months, how much more would that be than the cash price of $695?

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