Which of the following reasons encourages companies to make a product rather than buy it quizlet?
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Terms in this set (26)make-or-buy decision Which of the following terms refers to the decision of whether to produce a component internally or to outsource it from another company? buyer decision process decision problem per curiam decision make-or-buy decision capacity planning The process of assessing a company's ability to produce enough output to satisfy market demand is called ________. capacity planning lean production process management product structure modeling Centralized production ________ refers to the concentration of production facilities in one location. lean production Continuous production Centralized production Horizontal integration Decentralized production ________ refers to a situation in which facilities are spread over several locations, with one facility for each national business environment in which the company markets its products. Continuous production Decentralized production Vertical integration Lean production
a multinational strategy The decentralization of production facilities is a typical policy for companies that pursue __. a multinational strategy a global strategy mass customization vertical integration a global strategy The centralization of production facilities is a typical policy for companies that pursue ________. horizontal integration product differentiation a global strategy a multinational strategy differentiation Companies with decentralized production facilities are often pursuing ________ strategies low-cost differentiation retrenchment combination facilities layout planning Deciding the spatial arrangement of production processes within production units is called ________. facilities layout planning capacity planning process planning location economies age of the company Which of the following factors has the least effect on facilities layout planning? supply of land in a nation cost of land in a nation a firms production process age of the company vertical integration The process by which a company extends its control over additional stages of production is called ________. a push strategy a pull strategy vertical integration horizontal integration Making a product gives managers greater control over the production process. Which of the following reasons encourages companies to make a product rather than buy it? Making a product gives managers greater control over the production process. Making a product lowers the risk associated with the production process. Making a product increases the company's flexibility to respond to market conditions. Making a product gives companies a great deal of power in their relationships with suppliers. Buying a product enables a company to gain a great deal of power in their relationships with suppliers. Which of the following reasons encourages companies to buy a product rather than make it? Buying a product gives managers greater control over the production process. Buying a product increases the company's total costs significantly compared to making the product in-house. Buying a product ensures non-flexibility to local market conditions. Buying a product enables a company to gain a great deal of power in their relationships with suppliers. outsourcing A firm that buys from another company a good or service that is part of the firm's value-added activities is practicing ________. outsourcing vertical integration horizontal integration lean production offshore ________ manufacturing is any manufacturing that takes place in a country different from the home country. offshore multidomestic cost minimization outsourcing Stealth manufacturing ________ in the computer industry is the outsourcing of the actual assembly of computers plus the job of shipping them to distributors and other intermediaries. Agile manufacturing Just in time manufacturing Lean manufacturing Stealth manufacturing fixed assets Storage facilities, retail outlets, and production equipment in the host country are examples of ________. liquid assets current assets fixed assets intangible assets additional transportation costs Which of the following is a barrier to
buying products extremely low tariffs additional transportation costs lower flexibility to respond to market conditions high political risk ISO 9000 What are the guidelines that provide the basis for quality certification called? WTO standards ISO 1000 ISO 9000 TQM standards Just-in-time manufacturing ________ is the term used to refer to a production technique in which inventory is kept to a minimum and inputs to the production process arrive exactly when they are needed. Just-in-time manufacturing Lean manufacturing Continuous production Flow production Total quality management ________ is an integrated effort to systematically and continuously improve the quality of an organization's products and/or services. Total quality management Quality-of-life index Integrated business planning Organizational restructuring reinvest in its operations When a market is experiencing rapid growth, a company will ________. emphasize on decruitment divest its operations reinvest in its operations implement retrenchment strategies certificates that trade in the U.S. and represent shares of stock in a non-U.S. company American Depository Receipts (ADRs) are ________. certificates that represent shares of stock in American companies dollar deposits made by foreign firms conducting business in the U.S. certificates that trade in the U.S. and represent shares of stock in a non-U.S. company currency deposits made in the U.S. by firms based in other countries global depository receipts ________ are traded in Luxembourg and London and represent a specific number of shares in an outside company common stock bills of lading revocable letters of credit global depository receipts venture capital ________ is the financing obtained from investors who believe the borrower will experience rapid growth and who receive equity in return for their investment. internal funding venture capital credit derivative mortage loan hot money Which of the following types of money adds to the volatility of emerging markets because it can be quickly withdrawn from its investment? hot money patient money key money fiat money patient money ________ refers to the foreign direct investment in factories, equipment, and land that cannot be pulled out of the market quickly. hot money patient money fiat money key money Sets with similar termsChapter 1562 terms jimmy_duffy4 International Business Ch 1523 terms stuartt12 Chapter 15 international business16 terms kstolzer13 Chapter 15 Managing international Operations13 terms satvirdhillon Sets found in the same folderChapter 13 Study Quiz: Selecting and Managing Entr…32 terms hunterrokenbrodt Chapter 9 Study Quiz: International Financial Mark…32 terms hunterrokenbrodt Chapter 12 Study Quiz: Analyzing International Opp…29 terms hunterrokenbrodt Chapter 16: Hiring and Managing Employees30 terms hunterrokenbrodt Other sets by this creatorInternational Business final study prep411 terms hunterrokenbrodt Chapter 11 Study Quiz: International Strategy and…34 terms hunterrokenbrodt Chapter 10 Study Quiz: International Monetary Syst…28 terms hunterrokenbrodt Chapter 8 Study Quiz: Regional Economic Integration29 terms hunterrokenbrodt Verified questionsQUESTION The real risk-free rate, $r^{*}$, is 1.7%. Inflation is expected to average 1.5% a year for the next 4 years, after which time inflation is expected to average 4.8% a year. Assume that there is no maturity risk premium. An 11-year corporate bond has a yield of 8.7%, which includes a liquidity premium of 0.3%. What is its default risk premium? Verified answer QUESTION A stock is expected to pay a dividend of $2.75 at the end of the year (i.e.,$\left.D_{1}=2.75\right)$, and it should continue to grow at a constant rate of 5% a year. If its required return is 15%, what is the stock’s expected price 4 years from today? Verified answer
QUESTION Suppose you were a member of Company X’s board of directors and chairperson of the company’s compensation committee. What factors should your committee consider when setting the CEO’s compensation? Should the compensation consist of a dollar salary, stock options that depend on the firm’s performance, or a mix of the two? If “performance” is to options that depend on the firm’s performance, or a mix of the two? If “performance” is to be considered, how should it be measured? Think of both theoretical and practical (i.e., measurement) considerations. If you were also a vice president of Company X, might your actions be different than if you were the CEO of some other company? Verified answer
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