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16 Cards in this Set
- Front
- Back
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capacity planning
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process of assessing a company's ability to produce enough output to satisfy the market demand
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facilities location planning
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selecting the location for production facilities
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location economics
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economic benefits derived from locating production activities in optimal locations
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process planning
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deciding the process that a company will use to create its product
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facilities layout planning
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deciding the spatial arrangement of production processes within the production facilities
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make-or-buy decision
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deciding whether to make a component or to buy it from another company
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vertical integration
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extension of company activities into stages of production that provide a firm's inputs or absorbs its output
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outsourcing
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practice of buying from another company a good or service that is not central to a company's competitive advantage
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fixed assets
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company assets such as production facilities, inventory warehouses, retail outlets, and production and office equipment
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total quality management
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company-wide commitment to meet or exceed customer expectations through continuous quality improvement efforts and processes
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just-in-time manufacturing
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production technique in which inventory is kept to a minimum and inputs to the production process arrive exactly when they are needed
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back to back loan
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loan in which a parent company deposits money with a host-country bank, which then lends the money to a subsidiary located in the host country
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american depository receipt
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certificate that trades in the US and represents a specific number of shares in a non-US company
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venture capital
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financing obtained from investors who believe that the borrower will experience rapid growth and who receive equity in return
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revenue
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money earned from the sale of goods and services
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capital structure
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mix of equity, debt, and internally generated funds used to finance a company's activities
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