Liberty University BUSI 303 Quiz 4 Complete Solutions Correct Answers Key
A fully answered Quiz 4 for BUSI 303, helping with business management studies.
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Liberty University BUSI 303 quiz 4 complete solutions correct answers key
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
The term logistics refers to the movement of finished products, semi-finished products, components,
and materials between various locations
(blank) is a significant contributor to the positional advantage of the company and is related to the
long-term, overall firm performance
A disadvantage of M & A is:
The availability of tools, such as forecasting, distribution and inventory planning, and e- commerce
allow many organizational processes to be integrated across supply chains
One of the most important questions to answer when entering the global market is that of
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
The key factors that influence the entry mode selection are
Which of the following is a strategic capability to necessitate the development of a global operations
strategy?
Businesses must carefully consider the benefits, advantages, challenges, and risks involved to
compete within an international market.
All of the following are capacity issues except
(blank) represent situations where a company with experience in specific business areas or
industrial sectors makes personnel available to perform general or specialized management
functions for another company.
The global strategic planning process is complex but does not entail as many factors, variables,
challenges, and risks as domestic strategic planning
External environmental factors that can affect the entry of new entrants in another country can be
Population growth is a great reference, and is always the key indicator of a strong potential market.
All of the following are key issues of global logistics except
A franchise is an agreement that allows one party to use a property right in exchange for payment to
the other party
The key components in successful operations management are efficiency and effectiveness
(blank) is the ratio of output as it relates to input—the conversion of inputs or resources into
outputs of merchandise or services
The ABC Classification System is used to categorize inventory items and is also known as stock
keeping units (SKU’s)
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
The term logistics refers to the movement of finished products, semi-finished products, components,
and materials between various locations
(blank) is a significant contributor to the positional advantage of the company and is related to the
long-term, overall firm performance
A disadvantage of M & A is:
The availability of tools, such as forecasting, distribution and inventory planning, and e- commerce
allow many organizational processes to be integrated across supply chains
One of the most important questions to answer when entering the global market is that of
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
The key factors that influence the entry mode selection are
Which of the following is a strategic capability to necessitate the development of a global operations
strategy?
Businesses must carefully consider the benefits, advantages, challenges, and risks involved to
compete within an international market.
All of the following are capacity issues except
(blank) represent situations where a company with experience in specific business areas or
industrial sectors makes personnel available to perform general or specialized management
functions for another company.
The global strategic planning process is complex but does not entail as many factors, variables,
challenges, and risks as domestic strategic planning
External environmental factors that can affect the entry of new entrants in another country can be
Population growth is a great reference, and is always the key indicator of a strong potential market.
All of the following are key issues of global logistics except
A franchise is an agreement that allows one party to use a property right in exchange for payment to
the other party
The key components in successful operations management are efficiency and effectiveness
(blank) is the ratio of output as it relates to input—the conversion of inputs or resources into
outputs of merchandise or services
The ABC Classification System is used to categorize inventory items and is also known as stock
keeping units (SKU’s)
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Document Details
University
Liberty University
Subject
Business Management