Liberty University BUSI 303 quiz 4complete solutionscorrect answerskeyDirectmarketaccessionoffersafirmlowrisk,givesthemasimplewaytoinitiatetheprocessofenteringaglobalmarket,andhelpsthefirmmeetdemandsandchallengesThetermlogisticsreferstothemovementoffinishedproducts,semi-finishedproducts,components,andmaterialsbetweenvariouslocations(blank) isasignificantcontributortothepositionaladvantageofthecompanyandisrelatedtothelong-term,overallfirmperformanceAdisadvantageofM&Ais:Theavailabilityoftools,suchasforecasting,distributionandinventoryplanning,ande-commerceallowmanyorganizationalprocessestobeintegratedacrosssupplychainsOneofthemostimportantquestionstoanswerwhenenteringtheglobalmarketisthatofTheexpectationofstandardizedgoodsandserviceswithacorrespondinglevelofconsistencyinservice,quality,andperformanceacrossnationsandregionssignifiesthetrendtowardsglobalcommerceThekeyfactorsthatinfluencetheentrymodeselectionareWhichofthefollowingisastrategiccapabilitytonecessitatethedevelopmentofaglobaloperationsstrategy?Businessesmustcarefullyconsiderthebenefits,advantages,challenges,andrisksinvolvedtocompetewithinaninternationalmarket.Allofthefollowingarecapacityissuesexcept(blank) representsituationswhereacompanywithexperienceinspecificbusinessareasorindustrialsectorsmakespersonnelavailabletoperformgeneralorspecializedmanagementfunctionsforanothercompany.Theglobalstrategicplanningprocessiscomplexbutdoesnotentailasmanyfactors,variables,challenges,andrisksasdomesticstrategicplanningExternalenvironmentalfactorsthatcanaffecttheentryofnewentrantsinanothercountrycanbePopulationgrowthisagreatreference,andisalwaysthekeyindicatorofastrongpotentialmarket.AllofthefollowingarekeyissuesofgloballogisticsexceptAfranchiseisanagreementthatallowsonepartytouseapropertyrightinexchangeforpaymenttotheotherpartyThe key components in successful operations management are efficiency and effectiveness(blank) istheratioofoutputasitrelatestoinput—theconversionofinputsorresourcesintooutputsofmerchandiseorservicesTheABCClassificationSystemisusedtocategorizeinventoryitemsandisalsoknownasstockkeepingunits(SKU’s)Preview Mode
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