Exam 11: Global Location Decisions

Examples of regional trade agreements include all of the following EXCEPT:

Due to the advances in technology, less business clusters are being created globally.

Which of the following trade agreements created the world's largest free trade area, currently with over 450 million people and GDP of more than US$20 trillion?

Interconnected companies and institutions from a particular field which are located in a single geographic location, are referred to is a(n):

Bimino Corp is considering building a new bottling plant.They have collected information on fixed and variables costs for 4 potential plant locations. a.Plot the total cost curves for the four plant locations on a single graph. b.Find the break-even points and determine the range of demand for which each location has a cost advantage. c.Which plant location is best if demand is 8,000 units?

Global location decisions are made to optimize the performance of supply chains and to be consistent with the firm's competitive strategy.

Which of the following secures the right of employees to decide whether to join or financially support a union?

The critical issues in sustainable development are energy consumption/production, air pollution and climate change.

Briefly define a business cluster.Give a location that exemplifies a real-life example of a business cluster, which is not listed in the textbook.Describe why it should be considered a business cluster.

Milan, Wall Street, and Detroit are examples of ____________.

According to the text, the development of cleaner, more fuel-efficient affordable energy technologies and renewable energy technologies will:

High tariffs encourage multinational corporations to set up factories to produce locally.

________________ is important because what we do today will affect future generations.

Facility location has ____________on the supply chain.

Use the breakeven model to determine which of the statements below is TRUE according to the information provided in the table relating to two different location considered for a new manufacturing facility.

Regional trade agreements and the World Trade Organization provide a framework for managers in terms of investigating important facility location elements like tariffs, costs, and the free flow of goods and services in different regions of the world.

Organizations that primarily compete on speed of delivery, such as FedEx and UPS, utilize which of the following approaches for location determination?

The weighted-factor rating model, is a useful location analysis technique when fixed and variable costs can be determined for each potential location.

The European Union (EU) is considered a regional trade agreement.

Using the weighted-factor rating model, the location with the lowest total weighted score is the recommended location.