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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
from international suppliers?
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
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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?
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QUESTION
What are the two definitions of cash, and why do corporate treasurers often use the second definition?
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