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20 Cards in this Set
- Front
- Back
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Capacity planning |
is a process of assessing acompany’s ability to produce enough output to satisfy market demand |
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Facility location planning |
is selecting the locationfor production facilities |
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Location economies |
are economic benefitsderived from locating production activities in optimal locations |
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Centralized production |
refers to the concentrationof production facilities in one location |
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Decentralized production |
refers to spreadingfacilities over several locations and could mean having one facility for eachnational business environment. It is common for companies that follow amultinational strategy |
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Process planning |
is deciding the processthat a company will use to create its product |
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Facilities layout planning |
is deciding the spatialarrangement of production processes within production facilities |
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Vertical integration |
is the process by whichcompany extends its control over additional stages of production-either inputsor outputs |
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Outsourcing |
is a practice of buyingfrom another company a good or service that is part of a company’s value-addedactivities |
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Fixed assets |
company assets such asproduction facilities, inventory warehouses, retail outlets, and production andoffice equipment |
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Greenfield investment |
is building entirely newfacilities |
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Total quality management (TQM) |
is a company-widecommitment to meet or exceed customer expectations through continuous qualityimprovement efforts and processes |
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The International Standards Organization (ISO)9000 |
is an internationalcertification that companies get when they meet the highest quality standardsin their industries |
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Just-in-time (JIT) |
is a production techniquein which inventory is kept to minimum and inputs to the production processarrive exactly when they are needed |
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Back-to-back loan |
is a loan in which parentcompany deposits money with a host-country bank, which then lends the money toa subsidiary located in the host country |
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American Depository Receipt (APR) |
is a certificate thattrades in the US and represents a specific number of shares in a non-US company |
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Venture capital |
is financing obtained frominvestors who believe that the borrower will experience rapid growth and whoreceive equity in return |
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Hot money |
is money that can bequickly withdrawn in times of crisis |
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Patient money |
is foreign directinvestment in factories, equipment and land that cannot be pulled out asreadily |
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Capital structure of a company |
is the mix of equity, debtand internally generated funds that it uses to finance its activities |
