Liberty BUSI 303 Quiz 4 Answers
- Successful global managers have an understanding of how to appraise and adjust to the requirements of doing business in a culture different from their own.
- Which of the following is NOT an area of competition for business in a global market?
- is a significant contributor to the positional advantage of the company and is related to the long‐term, overall firm performance.
- A disadvantage of M & A is:
- All of the following are key issues of global logistics except
- The necessary conditions for expansion into global markets include all of the following except:
- Organizations must ensure that they do not plan hurriedly or rush into foreign markets to jump on an opportunity for quick cash.
- Continuous improvement, sometimes referred to as __________, is a management technique that historically involves several incremental improvements to a process rather than a single overpowering improvement or change
- The three aspects which are especially important to international expansion are location, timing, and scope.
- Which of the following is NOT a type of observable production‐oriented waste?
- The availability of tools, such as forecasting, distribution and inventory planning, and e‐commerce allow many organizational processes to be integrated across supply chains.
- Direct market accession offers a firm low risk, gives them a simple way to initiate the process of entering a global market, and helps the firm meet demands and challenges.
- What market strategy is utilized when a corporate entity needs complete control over every detail of the structure within the host country?
- Capacity, in terms of production‐oriented firms, refers to the total amount of products that can be produced by the entire operation in a given amount of time.
- All of the following are capacity issues except
- Businesses must carefully consider the benefits, advantages, challenges, and risks involved to compete within an international market.
- Typical processes within an organization include which of the following areas requiring management:
- Which is not a vital consideration for determining managerial commitment to expanding globally?
- Just-in-time production or systems is a comprehensive set of doctrines and systems founded on the philosophy that businesses should hold a large inventory above what is necessary for immediate production or distribution.
- External environmental factors that can affect the entry of new entrants in another country can be
- Match the following
Total Quality Management (TQM)
Global outsourcing/KANBAN clusters
Principles of Total Quality
Locus of Decisions
Theory of Constraints
Expanding into the global marketplace
Competitor knowledge competence
Successful International Expansion