BUSI 303 quiz 4 complete solutions correct answers key

Liberty University BUSI 303 quiz 4 complete solutions correct answers key

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

The term logistics refers to the movement of finished products, semi­finished products, components, and materials between various locations

(blank) is a significant contributor to the positional advantage of the company and is related to the long­term, overall firm performance

A disadvantage of M & A is:

The availability of tools, such as forecasting, distribution and inventory planning, and e­ commerce allow many organizational processes to be integrated across supply chains

One of the most important questions to answer when entering the global market is that of

The expectation of standardized goods and services with a corresponding level of consistency in service, quality, and performance across nations and regions signifies the trend towards global commerce

The key factors that influence the entry mode selection are

Which of the following is a strategic capability to necessitate the development of a global operations strategy?

Businesses must carefully consider the benefits, advantages, challenges, and risks involved to compete within an international market.

All of the following are capacity issues except

(blank) represent situations where a company with experience in specific business areas or industrial sectors makes personnel available to perform general or specialized management functions for another company.

The global strategic planning process is complex but does not entail as many factors, variables, challenges, and risks as domestic strategic planning

External environmental factors that can affect the entry of new entrants in another country can be

Population growth is a great reference, and is always the key indicator of a strong potential market.

All of the following are key issues of global logistics except

A franchise is an agreement that allows one party to use a property right in exchange for payment to the other party

The key components in successful operations management are efficiency and effectiveness

(blank) is the ratio of output as it relates to input—the conversion of inputs or resources into outputs of merchandise or services

The ABC Classification System is used to categorize inventory items and is also known as stock keeping units (SKU’s)

What market strategy is utilized when a corporate entity needs complete control over every detail of the structure within the host country?

In most cases, exporting and importing requires a maximum initial investment and may allow a business to develop key relationships with export/import firms (intermediaries) that will aid in ensuring success into the new market

(blank) issues include performance objectives, the degree of vertical integration, outsourcing within the supply chain, what will be measured, and how to accomplish the measurement

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

What are the two types of entry modes available into a market?

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

A major Proactive motivation factor includes:

The Theory of Constraints (TOC) suggests that the greater gain will come from identifying which part of the process is a constraint to the whole, rather than focusing on increased output from an entire process

The greatest reactive motivation for global expansion is the prospect of global sales.

Which of the following is NOT an area of competition for business in a global market?

It is important to remember that cost savings do not only result from looking for the cheapest method but also from looking for the most efficient method

Most firms typically choose to enter into global markets from a proactive stance, but some are forced to enter the global market in a reactive stance

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