Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
20 Cards in this Set
- Front
- Back
Capacity planning |
is a process of assessing acompany’s ability to produce enough output to satisfy market demand |
|
Facility location planning |
is selecting the locationfor production facilities |
|
Location economies |
are economic benefitsderived from locating production activities in optimal locations |
|
Centralized production |
refers to the concentrationof production facilities in one location |
|
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 |
|
Process planning |
is deciding the processthat a company will use to create its product |
|
Facilities layout planning |
is deciding the spatialarrangement of production processes within production facilities |
|
Vertical integration |
is the process by whichcompany extends its control over additional stages of production-either inputsor outputs |
|
Outsourcing |
is a practice of buyingfrom another company a good or service that is part of a company’s value-addedactivities |
|
Fixed assets |
company assets such asproduction facilities, inventory warehouses, retail outlets, and production andoffice equipment |
|
Greenfield investment |
is building entirely newfacilities |
|
Total quality management (TQM) |
is a company-widecommitment to meet or exceed customer expectations through continuous qualityimprovement efforts and processes |
|
The International Standards Organization (ISO)9000 |
is an internationalcertification that companies get when they meet the highest quality standardsin their industries |
|
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 |
|
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 |
|
American Depository Receipt (APR) |
is a certificate thattrades in the US and represents a specific number of shares in a non-US company |
|
Venture capital |
is financing obtained frominvestors who believe that the borrower will experience rapid growth and whoreceive equity in return |
|
Hot money |
is money that can bequickly withdrawn in times of crisis |
|
Patient money |
is foreign directinvestment in factories, equipment and land that cannot be pulled out asreadily |
|
Capital structure of a company |
is the mix of equity, debtand internally generated funds that it uses to finance its activities |