Exam 15: Managing International Operations

Financing obtained from investors who believe the borrower will experience rapid growth and who receive equity part ownership in return is called ________.

Which of these is an advantage of American Depository Receipts (ADRs)?

Facility layout depends on the type of production process a company uses, which in turn depends on its business-level strategy.

The just-in-time (JIT) manufacturing technique was originally developed in ________.

Deciding the spatial arrangement of production processes within production facilities is called ________.

The ________ of a company is the mix of equity, debt, and internally generated funds it uses to finance its activities.

Important environmental factors in facilities location planning include the cost and availability of labor and management, raw materials, component parts, and energy.

The practice of buying from another company a good or a service that is part of a company's value-added activities is called outsourcing.

Locating separate production facilities near different markets helps firms develop a deeper understanding of buyer behavior in local cultures.

________ refers to the concentration of production facilities in one location.

Total quality management ________.

Location economies arise when each production activity generates more value in a particular location than it could generate elsewhere.

Financing by investors who believe the borrower will experience rapid growth and who receive equity part ownership in return is called venture capital.

________ refers to the concentration of production facilities in one, or a few, locations.

Deciding the spatial arrangement of production processes within production facilities is called capacity planning.

A production technique in which inventory is kept to a minimum and inputs to the production process arrive exactly when they are needed is called ________.

Monies earned from the sale of goods and services is called ________.

The practice of buying from another company a good or service that is part of a company's value-added activities is called ________.

The ________ of a company is the mix of equity, debt, and internally generated funds it uses to finance its activities.

By outsourcing, a company can reduce the degree to which it is vertically integrated and the overall amount of specialized skills and knowledge it must possess.