BUSI 303 quiz 4 correct answers

Conditions for expanding into the global market include all except:

All of the above

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The three strategic capabilities that are necessary for the development of a global operations strategy are _____ efficiency and competitiveness, _____ responsiveness and flexibility, and _____ capacity to leverage on a worldwide basis.

Global-scale
National-level
Cross-market

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Kaizen is a management technique that historically involves several incremental improvements that process rather than a single overpowering improvement or change.

True

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The three aspects which are especially important to international expansion are location, timing, and human resources.

False

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The process of global operations management requires making a number of inner-related decisions regarding all of the following except

The logistical flow of information and energy and product distribution

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Identify, by checking the letters, the basic, essential steps when considering global expansion.

Evaluate and select methods of distributing products overseas
Secure government and private sources of financing
Learn how to set prices, negotiate deals, and navigation the legal morass of exporting
Package and label products to comply with legal requirements of the target nation's market
Conduct foreign market research and identify international markets
Create an international business plan

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The signs that a global business is experiencing inventory problems include all of the following except

Scrap, rework, and cycle times increase due to overproduction

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The overall success of the business is dependent upon the _____ and _____ of every function within the production process.

efficiency
effectiveness

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The three major principles of Total Quality Management are Customer Focus, Participation and Teamwork, Continuous Improvement and Learning.

True

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Which is not a vital consideration for determining managerial commitment to expanding globally?

Low-level management's time allocation on the company's global efforts

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Private Sector

Commercial Banks

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Facilitator

Help manage a process of information exchange

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Expanding into the global marketplace

Not an easy task or a "right" decision for the company

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Export Trading Company

Transact Commercial, Financial activities to facilitate exports by unaffiliated persons

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Proactive and REactive