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Liberty University BUSI 303 exam 2 Complete Solutions Correct Answers Key

A fully solved Exam 2 for BUSI 303, ensuring accurate business insights.

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    Liberty University BUSI 303 exam 2 complete solutions co rrect answers key It a l y , J apan , an d T u r k e y a r e a l l m e m be r s o f t h e O E DC C o m pe t i t i v e p r e ss u r e , e xc e s s c apa c i t y , unde r p r odu c t i on , an d a s a t u r a t e d o r de c li n i n g ho m e m a r k e t a r e r ea c t i v e m o t i v a t i ona l f a c t o r s t ha t p r ope l f i r m s t o e x pan d i n t o t h e g l oba l e c ono m y T h e r ea s on i n g beh i n d t h e l a y ou t de s i g n o f a f a c ili t y i s t o m a x i m i z e t h e w o r k en v i r on m en t f o r c u s t o m e r s , e m p l o y ee s , an d t h e o v e r a l l bu il d i ng T e c hno l og i c a l t u r bu l en c e an d m a r k e t d y na m i s m a r e t h e t w o d i m en s i on s o f en v i r on m en t a l t u r bu l en c e T w o m a j o r c on t r i bu t i n g c i r c u m s t an c e s t o t h e de m i s e o f t h e go l d s t anda r d w e r e t h e G r ea t D ep r e ss i o n an d t h e V i e t na m Wa r T h e E u r o i s t h e w o r l d ’ s l ead i n g c u rr en cy F i r m s a r e no t a t r i s k i f t he y de c i d e no t t o c a r e f u ll y e x a m i ne , a ss e s s an d e v a l ua t e a c oun t r y ’ s o r gan i z a t i ona l , s o c i a l , c u l t u r a l , po li t i c a l , j ud i c i a l , m a r k e t , e c ono m i c , t e c hno l og i c a l an d i ndu s t r y t r end s p r i o r t o de t e r m i n i n g w he t he r t h e en t r y i n t o a n i n t e r na t i ona l m a r k e t i s f i nan c i a ll y v i ab l e . E x po r t i n t e r m ed i a r i e s p r o v i d e e x pe r t i s e t o i ne x pe r i en c e d e x po r t e r s a s t he y en t e r o v e r s ea s m a r k e t s M E RC O S U R w a s i n i t i a t e d t o e x pan d t h e m a r k e t s o f A r gen t i na , B r a z il , I r an , an d I nd i a Whe n pu r s u i n g a m a s s c u s t o m i z a t i o n s t r a t eg y , de m an d f o r d i ff e r en t f ea t u r e s o r op t i on s m a y b e ba s e d o n c li m a t e , c u l t u r e , l o c a t i on , o r pe r s ona l p r e f e r en c e C en t r a li z a t i o n a ll o w s de c i s i o n m a k i n g au t ho r i t y t o o cc u r w he r e t h e de c i s i on s a r e t o b e m ade A n E c ono m i c U n i o n c on s i s t s o f s e v e r a l na t i on s , ea c h m a i n t a i n i n g t he i r o w n c u rr en cy A l a r g e po r t i o n o f a l l F X m a r k e t t r an s a c t i on s a r e s po t t r an s a c t i on s I n t h e U . S . , t h e F ede r a l R e s e r v e B an k i s r e s pon s i b l e f o r r egu l a t i n g t h e g r o w t h o f t h e e c ono m y C on t i nu i t y i s a n i m po r t an t a s pe c t o f t h e KA N BA N c l u s t e r , w h i c h ho l d s t h e d i s t an c e be t w ee n t h e s upp li e r an d t h e m anu f a c t u r i n g hu b a s a k e y f o c u s i n t h e a c qu i s i t i o n o f r a w m a t e r i a l s T r ad i n g b l o c s a r e t h e c o r e e l e m en t s o f r eg i ona l e c ono m i c i n t eg r a t i on T h e p r og r e ss i v e s t age s o f e c ono m i c i n t eg r a t i o n i n o r de r o f i n t en s i t y a r e : P r e f e r en t i a l T r ad e A r ea s , C u s t o m U n i on s , F r e e T r ad e A r ea s , C o mm o n M a r k e t s , an d E U s T h e N e w Y o r k S t o c k E xc hang e i t s e l f doe s n o bu s i ne s s an d k eep s n o r e c o r d o f t r an s a c t i on s O n l y go v e r n m en t s c a n i ss u e bond s E v e r y c oun t r y m a y no t ne c e ss a r il y ha v e i t s o w n s e c u r i t y e xc hange G r een f i e l d i n v e s t m en t s r equ i r e on l y p r o c e s s adap t a t i on , no t p r odu c t adap t a t i on T h e adop t i o n o f t h e f l oa t i n g e xc hang e r a t e sys t e m r e s u l t e d f r o m t h e c on c l u s i o n o f t h e B r e tt o n Wood s A g r ee m en t

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    C apa c i t y p l ann i n g i s u s e d i n ope r a t i on s m anage m en t an d i s s ugge s t ed , bu t no t a ne c e ss i t y , t o he l p c o m pan i e s f a c ili t a t e s u cc e ss f u l ope r a t i on s T h e i n t ende d ou t c o m e o f r eg i ona l e c ono m i c i n t eg r a t i o n i s t o p r o m o t e e c ono m i c p r o s pe r i t y an d s t ab ili t y a m on g s i gna t o r y na t i on s M an y i ndu s t r i a l f i r m s c hoo s e t o e x po r t f o r t he i r f i r s t i n t e r na t i ona l en t r y m ode N a t i ona l c u s t o m e r p r e f e r en c e s i s a m a r k e t e x pan s i o n r i s k v a r i ab l e t ha t o cc u r s w he n t h e f i r m m a y no t unde r s t an d f o r e i g n c u s t o m e r p r e f e r en c e s an d f a i l t o o ff e r “ l o c a li z ed ” p r odu c t s an d s e r v i c e s A li c en s e i s a n ag r ee m en t t ha t a ll o w s on e pa r t y t o u s e a n i ndu s t r i a l p r ope r t y r i gh t i n e xc hang e f o r pa y m en t t o t h e o t he r pa r t y . T h e pa r t y g i v i n g t h e li c en s e i s t h e li c en s ee , w h il e t h e pa r t y t ha t ge t s t o u s e t h e r i gh t i s t h e li c en s o r T a x o n i m po r t s i s on e e x a m p l e o f a t a r i f f ba rr i e r T h e i n i t i a l goa l o f N A FT A w a s t o i n c r ea s e i n v e s t m en t an d de c r ea s e t a r i ff s be t w ee n M e x i c o an d t h e U . S S o m e f i r m s w ou l d r a t he r r e m a i n do m e s t i c , bu t t h e na t u r e o f t h e m a r k e t f o r c e s t he m t o g l oba li z e ope r a t i on s t o r e m a i n p r o f i t ab l e A f a c ili t a t o r i s a n i nd i v i dua l w ho s e j o b i t i s t o he l p m anag e a n i n f o r m a t i o n e xc hang e p r o c e ss F i r m s m u s t t a k e i n t o a cc oun t t h e need s o f t h e f o r e i g n m a r k e t , t h e c u rr en t e c ono m i c t r end s , t h e po li t i c a l en v i r on m en t , an d o t he r i m po r t an t f a c t s w he n t i m i n g t he i r g l oba l e x pan s i o n s t r a t eg y I n p r o c e s s p l ann i ng , m a k e o r bu y de c i s i on s c a n b e t a k e n li gh t l y Lo w i n t en s i t y an d h i g h i n t en s i t y a r e t h e t w o t y pe s o f en t r y m ode s u s e d t o a cc e s s m a r k e t s T h e T heo r y o f C on s t r a i n t s ( T O C ) s ugge s t s t ha t t h e g r ea t e r ga i n w il l c o m e f r o m i n c r ea s i n g t o t a l ou t pu t f r o m a n en t i r e p r o c e ss T o t a l Q ua li t y M anage m en t ( T Q M ) s t r e ss e s t h e i m po r t an c e o f t ea m w o r k T h e m a i n d i ff e r en c e be t w ee n l o w i n t en s i t y an d h i g h i n t en s i t y en t r y m ode s depend s o n ho w m u c h r i s k and / o r c on t r o l a n en t e r i n g bu s i ne s s i s w illi n g t o a cc ep t o r f o r go F i r m s a r e be tt e r o f f s e l e c t i n g non - equ i t y , l o w - i n v e s t m en t en t r y m ode s i n c oun t r i e s t ha t ha v e h i g h en v i r on m en t a l un c e r t a i n t y T h e ne c e ss a r y de v e l op m en t s f o r e x pan s i o n i n t o g l oba l m a r k e t s i n c l ud e e x pand i n g m a r k e t s , ga i n i n g a cc e s s t o r e s ou r c e s , i n c r ea s i n g c o s t s , an d c ap i t a li z i n g o n a s pe c i a l f ea t u r e o f l o c a t i on . A l s o k no w n a s t h e T o y o t a P r odu c t i o n S ys t e m , J I T w a s i n i t i a ll y de v e l ope d a ft e r WW I I w he n t h e J apane s e c a r i ndu s t r y w a s l agg i n g f a r beh i n d i t s U . S . c o m pe t i t o r s I n t h e U . S . , t h e P r e s i den t s e t s e xc hang e r a t e po li c i e s T h e E u r opea n C o mm un i t y e s t ab li s he d i t s E xc hang e R a t e M e c han i s m ( E R M ) i n197 9 an d f o r m e d t h e i n i t i a l s t ep s f o r t h e c r ea t i o n o f a s i ng l e E u r opea n c u rr en cy W he n f o r m u l a t i n g a s t r a t eg i c g l oba l m a r k e t en t r y p l an , bu s i ne s s m anage r s s hou l d f o c u s on :

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    i den t i f y i n g t h e m o s t a tt r a c t i v e f o r e i g n m a r k e t s t o t h e f i r m ; de t e r m i n i n g t h e be s t t i m e t o en t e r t h e g l oba l m a r k e t ; an d w he t he r t o en t e r a po t en t i a l m a r k e t u t ili z i n g a l a r g e o r s m a l l sc a l e s t r a t eg y I n a F r e e T r ad e A r ea , m e m be r na t i on s a r e a ll o w e d t o de t e r m i n e t he i r o w n t r ad e po li c i e s w i t h non - m e m be r s I ha v e r ea d a l l o f t h e c ou r s e r equ i r e m en t s , an d f u ll y k no w t ha t i f I d o no t unde r s t an d s o m e t h i n g abou t t h i s c ou r s e I s hou l d s ee k c l a r i f i c a t i o n f r o m m y p r o f e ss o r O n e o f t h e ad v an t age s o f m anage m en t c on t r a c t s i s t ha t t h e m anage m en t c on t r a c t o r doe s u t ili z e s m an y o f i t s a ss e t s t o m ee t t h e c on t r a c t de m and s A n a c h i e v e m en t o f t h e S m oo t - H a w l e y T a r i f f A c t w a s t h e E c ono m i c an d M one t a r y U n i o n ( E M U ) O pe r a t i on s m anage r s a r e c on c e r ne d w i t h e v e r y a s pe c t o f t h e p r odu c t i o n p r o c e ss , i n c l ud i n g k e y a r ea s s u c h a s r e s ea r c h an d de v e l op m en t , a c qu i s i t i o n an d d i s t r i bu t i on , i n v en t o r y m anage m en t , t e c hno l og y , t r an s po r t a t i on , m anu f a c t u r i ng , an d c u s t o m e r s e r v i c e T r an s f e rr i n g c u rr en t m anage r s t o r u n ne w f o r e i g n ope r a t i on s m i gh t no t b e t h e be s t s t r a t eg y t o pu r s u e w he n e x pand i n g ope r a t i on s i n t o g l oba l m a r k e t s A c qu i s i t i on s an d m e r ge r s a r e m a r k e t s t r a t eg i e s u s e d i s w he n a c o r po r a t e en t i t y needs c o m p l e t e c on t r o l o v e r e v e r y de t a i l o f t h e s t r u c t u r e w i t h i n t h e ho s t c oun t r y C u s t o m e r k no w l edg e c o m pe t en c e i s c ha r a c t e r i z e d a s t h e k na c k t o a c qu i r e , i n t e r p r e t , an d i n t eg r a t e i n f o r m a t i o n r ega r d i n g t h e g l oba l c o m pe t i t i v e en v i r on m en t T h e g r ea t e r d i v i s i o n o f l abo r i s a bene f i t o f t r ad i n g b l o cs T h e f u t u r e s m a r k e t a ll o w s s m a ll e r t r ade r s t o pa r t i c i pa t e i n a t r ade P o t en t i a l t a x s a v i ng s an d m anage r i a l f o c u s be i n g d r a w n a w a y f r o m p r odu c t i v i t y t o m e r ge r m anage m en t a r e t w o ad v an t age s o f m e r ge r s an d a c qu i s i t i on s T h e SB A w il l p r o v i d e p r o s pe c t i v e bu s i ne ss m e n w i t h “ f a c e t o f a c e ” s e r v i c e s a t on e o f t he i r app r o x i m a t e l y 7 3 r eg i ona l o ff i c e s l o c a t e d w i t h i n t h e U n i t e d S t a t e s O PE C w a s f ounde d i n 196 0 i n B aghdad T h e i n t en t o f f o r m i n g a t r ad i n g b l o c c a n r ang e f r o m t h e po t en t i a l o f t r ad e c r ea t i o n t o t h e de s i r e f o r e c ono m i c p r o t e c t i on i s m T h e f ou r c a t ego r i e s o f m o t i v a t i ona l r ea s on s w h y c o m pan i e s e x pan d g l oba ll y a r e : p r i m a r y , a l t e r na t e , p r oa c t i v e an d r ea c t i v e P r odu c t i o n r e l a t e d r ea s on s s ee m t o b e r e l a t i v e l y s m a l l m o t i v a t i ona l f a c t o r s f o r do m e s t i c f i r m s e x pan d g l oba ll y Click “ Solutions ” to find more stuff from L i berty University

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