Exam 17: Global Production, Outsourcing, and Logistics

Before a firm is allowed access to the European marketplace,the European Union requires that the quality of the firm's manufacturing processes and products be certified under a quality standard known as _____.

Make-or-buy decisions are decisions that concern the components to be used in a production process.

Which of the following is a factor that transforms a low-cost location to a high-cost location?

Products such as electronic components and pharmaceuticals have low value-to-weight ratios.

Describe the major arguments put forth by Edward Deming.

Which of the following is a major source of the improvement in the capabilities of a foreign site?

Explain how the strategic role of foreign factories evolves over time.

Concentration of production is appropriate when _____.

Deming,the proponent of total quality management,argued that _____.

Central to the concept of economies of scale is the idea that the best way to achieve high efficiency,and hence low unit costs,is through the _____.

Describe global learning with reference to foreign subsidiaries of a firm.

Discuss the effect of country factors on the decision of where to locate production?

Products such as refined sugar,certain bulk chemicals,paint,and petroleum products have low value-to-weight ratios.

A _____ is an asset whose value is contingent upon a particular relationship persisting.

Briefly describe the Six Sigma methodology.

Identify an advantage of adopting a low minimum efficient scale.

Making all or part of a product in-house is beneficial when the firm intends to build valuable capabilities over time.

The Six Sigma methodology _____.

Maintaining high minimum efficient scale allows a firm to hedge against currency risks.

A(n)_____ is a grouping of various types of machinery,a common materials handler,and a centralized cell controller.