Liberty University BUSI 303 exam 2 Complete Solutions Correct Answers Key

Preview (4 of 10 Pages)

100%

Purchase to unlock

Loading page image...

Liberty University BUSI 303 exam 2complete solutions correct answerskeyItaly,Japan,andTurkeyareallmembersoftheOEDCCompetitivepressure,excesscapacity,underproduction,andasaturatedordeclininghomemarketarereactivemotivationalfactorsthatpropelfirmstoexpandintotheglobaleconomyThereasoningbehindthelayoutdesignofafacilityistomaximizetheworkenvironmentforcustomers,employees,andtheoverallbuildingTechnologicalturbulenceandmarketdynamismarethetwodimensionsofenvironmentalturbulenceTwomajorcontributingcircumstancestothedemiseofthegoldstandardweretheGreatDepressionandtheVietnamWarTheEuroistheworld’sleadingcurrencyFirmsarenotatriskiftheydecidenottocarefullyexamine,assessandevaluateacountry’sorganizational,social,cultural,political,judicial,market,economic,technologicalandindustrytrendspriortodeterminingwhethertheentryintoaninternationalmarketisfinanciallyviable.ExportintermediariesprovideexpertisetoinexperiencedexportersastheyenteroverseasmarketsMERCOSURwasinitiatedtoexpandthemarketsofArgentina,Brazil,Iran,andIndiaWhenpursuingamasscustomizationstrategy,demandfordifferentfeaturesoroptionsmaybebasedonclimate,culture,location,orpersonalpreferenceCentralizationallowsdecisionmakingauthoritytooccurwherethedecisionsaretobemadeAnEconomicUnionconsistsofseveralnations,eachmaintainingtheirowncurrencyAlargeportionofallFXmarkettransactionsarespottransactionsIntheU.S.,theFederalReserveBankisresponsibleforregulatingthegrowthoftheeconomyContinuityisanimportantaspectoftheKANBANcluster,whichholdsthedistancebetweenthesupplierandthemanufacturinghubasakeyfocusintheacquisitionofrawmaterialsTradingblocsarethecoreelementsofregionaleconomicintegrationTheprogressivestagesofeconomicintegrationinorderofintensityare:PreferentialTradeAreas,CustomUnions,FreeTradeAreas,CommonMarkets,andEUsTheNewYorkStockExchangeitselfdoesnobusinessandkeepsnorecordoftransactionsOnlygovernmentscanissuebondsEverycountrymaynotnecessarilyhaveitsownsecurityexchangeGreenfieldinvestmentsrequireonlyprocessadaptation,notproductadaptationTheadoptionofthefloatingexchangeratesystemresultedfromtheconclusionoftheBrettonWoodsAgreement

Loading page image...

Capacityplanningisusedinoperationsmanagementandissuggested,butnotanecessity,tohelpcompaniesfacilitatesuccessfuloperationsTheintendedoutcomeofregionaleconomicintegrationistopromoteeconomicprosperityandstabilityamongsignatorynationsManyindustrialfirmschoosetoexportfortheirfirstinternationalentrymodeNationalcustomerpreferencesisamarketexpansionriskvariablethatoccurswhenthefirmmaynotunderstandforeigncustomerpreferencesandfailtooffer“localized”productsandservicesAlicenseisanagreementthatallowsonepartytouseanindustrialpropertyrightinexchangeforpaymenttotheotherparty.Thepartygivingthelicenseisthelicensee,whilethepartythatgetstousetherightisthelicensorTaxonimportsisoneexampleofatariffbarrierTheinitialgoalofNAFTAwastoincreaseinvestmentanddecreasetariffsbetweenMexicoandtheU.SSomefirmswouldratherremaindomestic,butthenatureofthemarketforcesthemtoglobalizeoperationstoremainprofitableAfacilitatorisanindividualwhosejobitistohelpmanageaninformationexchangeprocessFirmsmusttakeintoaccounttheneedsoftheforeignmarket,thecurrenteconomictrends,thepoliticalenvironment,andotherimportantfactswhentimingtheirglobalexpansionstrategyInprocessplanning,makeorbuydecisionscanbetakenlightlyLowintensityandhighintensityarethetwotypesofentrymodesusedtoaccessmarketsTheTheoryofConstraints(TOC)suggeststhatthegreatergainwillcomefromincreasingtotaloutputfromanentireprocessTotalQualityManagement(TQM)stressestheimportanceofteamworkThemaindifferencebetweenlowintensityandhighintensityentrymodesdependsonhowmuchriskand/orcontrolanenteringbusinessiswillingtoacceptorforgoFirmsarebetteroffselectingnon-equity,low-investmententrymodesincountriesthathavehighenvironmentaluncertaintyThenecessarydevelopmentsforexpansionintoglobalmarketsincludeexpandingmarkets,gainingaccesstoresources,increasingcosts,andcapitalizingonaspecialfeatureoflocation.AlsoknownastheToyotaProductionSystem,JITwasinitiallydevelopedafterWWIIwhentheJapanesecarindustrywaslaggingfarbehinditsU.S.competitorsIntheU.S.,thePresidentsetsexchangeratepoliciesTheEuropeanCommunityestablisheditsExchangeRateMechanism(ERM)in1979andformedtheinitialstepsforthecreationofasingleEuropeancurrencyWhenformulating astrategicglobalmarketentryplan,businessmanagersshouldfocuson:

Loading page image...

identifyingthemostattractiveforeignmarketstothefirm;determiningthebesttimetoentertheglobalmarket;andwhethertoenterapotentialmarketutilizingalargeorsmallscalestrategyInaFreeTradeArea,membernationsareallowedtodeterminetheirowntradepolicieswithnon-membersIhavereadallofthecourserequirements,andfullyknowthatifIdonotunderstandsomethingaboutthiscourseIshouldseekclarificationfrommyprofessorOneoftheadvantagesofmanagementcontractsisthatthemanagementcontractordoesutilizesmanyofitsassetstomeetthecontractdemandsAnachievementoftheSmoot-HawleyTariffActwastheEconomicandMonetaryUnion(EMU)Operationsmanagersareconcernedwitheveryaspectoftheproductionprocess,includingkeyareassuchasresearchanddevelopment,acquisitionanddistribution,inventorymanagement,technology,transportation,manufacturing,andcustomerserviceTransferringcurrentmanagerstorunnewforeignoperationsmightnotbethebeststrategytopursuewhenexpandingoperationsintoglobalmarketsAcquisitionsandmergersaremarketstrategiesusediswhenacorporateentity needscompletecontrolovereverydetailofthestructurewithinthehostcountryCustomerknowledgecompetenceischaracterizedastheknacktoacquire,interpret,andintegrateinformationregardingtheglobalcompetitiveenvironmentThegreaterdivisionoflaborisabenefitoftradingblocsThefuturesmarketallowssmallertraderstoparticipateinatradePotentialtaxsavingsandmanagerialfocusbeingdrawnawayfromproductivitytomergermanagementaretwoadvantagesofmergersandacquisitionsTheSBAwillprovideprospectivebusinessmenwith“facetoface”servicesatoneoftheirapproximately73regionalofficeslocatedwithintheUnitedStatesOPECwasfoundedin1960inBaghdadTheintentofformingatradingbloccanrangefromthepotentialoftradecreationtothedesireforeconomicprotectionismThefourcategoriesofmotivationalreasonswhycompaniesexpandgloballyare:primary,alternate,proactiveandreactiveProductionrelatedreasonsseemtoberelativelysmallmotivationalfactorsfordomesticfirmsexpandgloballyClick“Solutions”to find more stuff from Liberty University

Preview Mode

This document has 10 pages. Sign in to access the full document!

Report

Study Now!

Document Details

Related Documents

Liberty University BUSI 340 Quiz 3 Complete Solutions Correct Answers Key

Liberty University BUSI 340 Quiz 4 Complete Solution Correct Answer Key

Liberty University BUSI 311 Quiz 4 Complete Solutions Correct Answers Key

Liberty University BUSI 400 Individual Case Analysis 1 complete solutions correct answers key

Liberty University BUSI 303 Quiz 4 Complete Solutions Correct Answers Key

Liberty University BUSI 300 Test Exam 2 Complete Solution Correct Answer Key

Liberty University BUSI 300 Test Exam 3 Complete Solution Correct Answer Key

Liberty University BUSI 340 Quiz 7 Complete Solution Correct Answer Key

Liberty University BUSI 330 Midterm Exam Complete Solutions Correct Answers Key

Liberty University Busi 310 Test Exam 2 Complete Solutions Correct Answers Key

Company

Explore

Study Tools