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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 D i r e c t m a r k e t a cc e ss i o n o ff e r s a f i r m l o w r i sk , g i v e s t he m a s i m p l e w a y t o i n i t i a t e t h e p r o c e s s o f en t e r i n g a g l oba l m a r k e t , an d he l p s t h e f i r m m ee t de m and s an d c ha ll enge s T h e t e r m l og i s t i c s r e f e r s t o t h e m o v e m en t o f f i n i s he d p r odu c t s , s e m i - f i n i s he d p r odu c t s , c o m ponen t s , an d m a t e r i a l s be t w ee n v a r i ou s l o c a t i on s (blank) i s a s i gn i f i c an t c on t r i bu t o r t o t h e po s i t i ona l ad v an t ag e o f t h e c o m pan y an d i s r e l a t e d t o t h e l ong - t e r m , o v e r a l l f i r m pe r f o r m an c e A d i s ad v an t ag e o f M & A i s: T h e a v a il ab ili t y o f t oo l s , s u c h a s f o r e c a s t i ng , d i s t r i bu t i o n an d i n v en t o r y p l ann i ng , an d e - c o mm e r c e a ll o w m an y o r gan i z a t i ona l p r o c e ss e s t o b e i n t eg r a t e d a c r o s s s upp l y c ha i n s O n e o f t h e m o s t i m po r t an t que s t i on s t o an s w e r w he n en t e r i n g t h e g l oba l m a r k e t i s t ha t o f T h e e x pe c t a t i o n o f s t anda r d i z e d good s an d s e r v i c e s w i t h a c o rr e s pond i n g l e v e l o f c on s i s t en c y i n s e r v i c e , qua li t y , an d pe r f o r m an c e a c r o s s na t i on s an d r eg i on s s i gn i f i e s t h e t r en d t o w a r d s g l oba l c o mm e r c e T h e k e y f a c t o r s t ha t i n f l uen c e t h e en t r y m od e s e l e c t i o n a r e Wh i c h o f t h e f o ll o w i n g i s a s t r a t eg i c c apab ili t y t o ne c e ss i t a t e t h e de v e l op m en t o f a g l oba l ope r a t i on s s t r a t eg y ? B u s i ne ss e s m u s t c a r e f u ll y c on s i de r t h e bene f i t s , ad v an t age s , c ha ll enge s , an d r i sk s i n v o l v e d t o c o m pe t e w i t h i n a n i n t e r na t i ona l m a r k e t . A l l o f t h e f o ll o w i n g a r e c apa c i t y i ss ue s e xc ep t (blank) r ep r e s en t s i t ua t i on s w he r e a c o m pan y w i t h e x pe r i en c e i n s pe c i f i c bu s i ne s s a r ea s o r i ndu s t r i a l s e c t o r s m a k e s pe r s onne l a v a il ab l e t o pe r f o r m gene r a l o r s pe c i a li z e d m anage m en t f un c t i on s f o r ano t he r c o m pan y . T h e g l oba l s t r a t eg i c p l ann i n g p r o c e s s i s c o m p l e x bu t doe s no t en t a i l a s m an y f a c t o r s , v a r i ab l e s , c ha ll enge s , an d r i sk s a s do m e s t i c s t r a t eg i c p l ann i ng E x t e r na l en v i r on m en t a l f a c t o r s t ha t c a n a ff e c t t h e en t r y o f ne w en t r an t s i n ano t he r c oun t r y c a n b e P opu l a t i o n g r o w t h i s a g r ea t r e f e r en c e , an d i s a l w a y s t h e k e y i nd i c a t o r o f a s t r on g po t en t i a l m a r k e t . A l l o f t h e f o ll o w i n g a r e k e y i ss ue s o f g l oba l l og i s t i c s e xc ep t A f r an c h i 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 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 The key components in successful operations management are efficiency and effectiveness (blank) i s t h e r a t i o o f ou t pu t a s i t r e l a t e s t o i npu t — t h e c on v e r s i o n o f i npu t s o r r e s ou r c e s i n t o ou t pu t s o f m e r c hand i s e o r s e r v i c e s T h e AB C C l a ss i f i c a t i o n S ys t e m i s u s e d t o c a t ego r i z e i n v en t o r y i t e m s an d i s a l s o k no w n a s s t o c k k eep i n g un i t s ( SK U ’ s)

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