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16 Cards in this Set
- Front
- Back
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Flexible manufacturing technologies enable companies to customizeproducts to the demand of consumers.
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True |
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Products such as electronic components and pharmaceuticals have lowvalue-to-weight ratios.
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False |
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Organizations are under pressure to produce products in the optimallocation and to serve the world market from there if their products have lowvalue-to-weight ratios.
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False |
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Products such as refined sugar, timber, building materials have lowvalue-to-weight ratios.
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True |
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Modern consumer products such as personal computers serve universalneeds.
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True |
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Decentralized production is favored if differences between countries infactor costs have a substantial impact on the costs of manufacturing in variouscountries.
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False |
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Decentralization of production is appropriate when the product does notserve universal needs.
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True |
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Logistics is the activity that controls the _____.
A. transmission of physical materials through the value chain B. customer contact points of a business C. activities involved in creating a product D. information exchange between a business and its customers |
transmission of physical materials through the value chain
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Which of the following is a factor that transforms a low-costlocation to a high-cost location?
A. Steady exchange rate of local currency B. Use of fixed exchange rates C. Preferential treatment of domestic industries D. Implementation of free trade regime |
Steady exchange rate of local currency
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Which of the following is a technological factor that affectsinternational business?
A. Exchange rates that govern the business B. Relative factors costs in the locality C. Availability of a skilled labor pool D. Fixed costs of setting up a production plant |
Fixed costs of setting up a production plant
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Flexible manufacturing technology is also known as _____.
A. Six sigma production B. line production C. standardization D. lean production |
lean production |
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Which of the following statements is true of products with highvalue-to-weight ratios?
A. Transportation costs usually account for a large percentage of their total costs. B. They are relatively inexpensive and weigh a lot. C. They are usually produced in multiple locations close to major markets. D. Their transportation cost is low. |
Their transportation cost is low
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Which of the following products will most likely have highvalue-to-weight ratios?
A. Pharmaceuticals B. Refined sugar C. Building materials D. Timber |
Pharmaceuticals
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When a company's product has a low value-to-weight ratio, thecompany should _____.
A. produce the product from two or three optimal locations and ship products from there B. manufacture products from a centralized location C. ignore transportation costs as they would only be a minor part D. produce the product in multiple locations close to major markets |
produce the product in multiple locations close to major markets
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Which of the following products will have low value-to-weightratios?
A. Pharmaceuticals B. Refined sugar C. Microprocessor D. Electronic items |
Refined sugar
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Concentration of production is appropriate when _____.
A. the product serves universal needs B. the product does not serve universal needs C. the product's value-to-weight ratio is low |
the product serves universal needs
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