Download New  Liberty University BUSI 303 Quiz 4 

Download New Liberty University BUSI 303 Quiz 4

Set 1

1. The key factors that influence the entry mode selection include all except?
2. What are the two types of business entry modes available in a market?
3. Which of the following is NOT a strategic capability to necessitate the development of a global operations strategy?
4. Utilizing methods such as Just-In-Time, providing products and services in an efficient manner
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5. The term logistics refers to the movement of finished products, semi-finished products,
6. If attacked in their home market by higher quality and lower prices, the domestic firm can attack the overseas competitor’s home market.
7. Calculations are made to maintain sufficient inventories for predetermined supply chain system needs.
8. A primary characteristic of the globalization of markets is the advent of the. 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.
9. In capacity is measured in terms of the total number of customers that can be served in a given amount of time.
10. is the proximity the site has to the organization’s largest customer base and suppliers.
11. Used to categorize inventory items and is also known as stock keeping units (SKUs)
12. Locus of decisions are concerned with every aspect of the production process, including key areas such as research and development, acquisition and distribution,
13. Various versions of products manufactured and distributed by a company
14. Product defect control includes all the actions needed to check the physical state of inventories throughout the process
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15. Allows a producer to adapt its products to a particular group of consumers.
16. Addresses determinants of an economy’s performance that directly impacts a company and have resonating long-term effects
17. May be necessary for products that require adjustments in order to meet local market demand
18. All of the following are key issues of global logistics except
19. This is approached through material requirement planning (MRP) and through the Kanban
20. What market strategy is utilized when a corporate entity needs complete control over every detail of the structure within the host country?

Set 2

1. 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.
2. Which of the following is NOT an area of competition for business in a global market?
3. is a significant contributor to the positional advantage of the company and is related to the long‐term, overall firm performance.
4. A disadvantage of M & A is:
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5. All of the following are key issues of global logistics except
6. The necessary conditions for expansion into global markets include all of the following:
7. Organizations must ensure that they do not plan hurriedly or rush into foreign markets to jump on an opportunity for quick cash.
8. Continuous improvement, sometimes referred to as __________, is a management technique that historically involves several incremental improvements to a process rather than a single overpowering improvement or change
9. The three aspects which are especially important to international expansion are location, timing, and scope.
10. Which of the following is NOT a type of observable production‐oriented waste?
11. The availability of tools, such as forecasting, distribution and inventory planning, and e‐commerce allow many organizational processes to be integrated across supply chains.
12. 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.
13. What market strategy is utilized when a corporate entity needs complete control over every detail of the structure within the host country?
14. Capacity, in terms of production‐oriented firms, refers to the total amount of products that can be produced by the entire operation in a given amount of time.
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15. All of the following are capacity issues except
16. Businesses must carefully consider the benefits, advantages, challenges, and risks involved to compete in an international market.
17. Typical processes within an organization include which of the following areas requiring management:
18. Which is not a vital consideration for determining managerial commitment to expanding globally?
19. Just-in-time production or systems is a comprehensive set of doctrines and systems founded on the philosophy that businesses should hold a large inventory above what is necessary for immediate production or distribution.
20. External environmental factors that can affect the entry of new entrants in another country can be
21. Match the following

• Total Quality Management (TQM)
• Global outsourcing/KANBAN clusters
• Principles of Total Quality
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• Locus of Decisions
• Cross‐functional teams
• Operational bottleneck
• Capacity
• Theory of Constraints
• 3PLs
• MRP
• National Regulations
• Proactive
• Expanding into the global marketplace
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• Market Orientation
• Competitor knowledge competence
• License
• Political constraints
• Global Managers
• Successful International Expansion
• Reactiv

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