Module 7 Flashcards
It would be common to use the term ____ to refer to the manufacturing process when discussing the global supply chain.
Multiple choice question.
production
lading
factors
exports
production
All the activities involved in creating a product are known as _____.
Multiple choice question.
R&D
information systems
production
transportation
production
A business uses the _____ function to obtain raw materials it needs to manufacture goods.
Multiple choice question.
purchasing
personnel
price
marketing
purchasing
What are the three broad groups of factors that a company should consider when making decisions on where to produce its products?
Multiple select question.
Social media factors
Technological factors
Country factors
Survey factors
Production factors
Technological factors
Country factors
Production factors
Given equivalent factor costs, which three conditions should have the most influence on a firm’s decision on where to develop a production site?
Multiple select question.
Cultural
Political
Economic
Social media
Marketing
Cultural
Political
Economic
When discussing the global supply chain, production is sometimes referred to as operations.
True false question.
True
False
True
Since unit costs decrease as plant output increases, a ______ of output is necessary for a plant to realize all major plant-level scale economies.
Multiple choice question.
minimum efficient scale
minimum evolving scale
minimum systematic scale
maximum efficient scale
minimum efficient scale
The term production is only used to denote a physical product.
True false question.
True
False
False
Flexible manufacturing technology is also referred to as ______ production.
Multiple choice question.
minimalist
lean
streamlined
transparent
lean
The process of a business or organization attempting to acquire goods or services to accomplish the goals of its enterprise is called
Multiple choice question.
supply chain management.
operations.
purchasing.
logistics.
purchasing.
Which two factors would lead a firm to choose a concentrated production configuration?
Multiple select question.
High minimum efficient scale of production
Low value-to-weight ratio
Substantial trade barriers
High fixed costs
High minimum efficient scale of production
High fixed costs
What are the considerations that help determine where an international firm will locate its production facilities?
Multiple choice question.
Ability to implement tariffs to limit competition
Ability to maximize costs and improve quality
Ability to circumnavigate environmental rules
Ability to minimize costs and improve quality
Ability to minimize costs and improve quality
Which three factors would lead a company to adopt a decentralized production configuration strategy?
Multiple select question.
Low value-to-weight ratio
Low fixed costs
High minimum efficient scale
Stable exchange rates
High trade barriers
Low value-to-weight ratio
Low fixed costs
High trade barriers
When a firm takes advantage of favorable economic, political, and cultural conditions when identifying a site for manufacturing activities, the benefits it can receive are called ______ economies.
Multiple choice question.
singular
marketing
secondary
location
location
The concept that valuable knowledge does not just reside in a firm’s domestic operations but can be found in foreign subsidiaries is known as ______.
Multiple choice question.
cross-cultural literacy
global learning
factor endowments
total quality management
global learning
The ______ is the smallest amount of production a company can achieve while still taking full advantage of economies of scale with regards to supplies and costs.
Multiple choice question.
TQM approach
minimum efficient scale
economies of scale
JIT approach
minimum efficient scale
Manuel works on the assembly line at a factory in Mexico that produces component parts for a Japanese automaker. The factory is not involved in any decisions on the automobiles but is simply designed for parts production. This is an example of a(n) _____ factory.
Multiple choice question.
lead
contributor
offshore
JIT
offshore
