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WorksheetsOPM530 CHAPTER 2
Total questions: 10
Worksheet time: 20mins
Which of the following does NOT represent a valid reason for globalizing operations?
reduce costs
improve the supply chain
reduce responsiveness
attract and retain global talent
One of the reasons to globalize operations is to ____________ . For example, foreign businesses use cricket stars in promoting their products in India because it is the most popular game in that country.
Understand markets
Improve the supply chain
Improve operations
Reduce costs (labor, taxes, tariffs, etc.)
Which of the following is an example of competing on the basis of differentiation?
A firm manufactures its product with less raw material waste than its competitors do.
A firm offers more durable products than its competitors do.
A firm's distribution network routinely delivers its product on time.
A firm's products are introduced into the market faster than its competitors' products are.
Which of the following is the best example of competing on low-cost leadership?
A firm manufactures its product with less raw material waste than its competitors do.
A firm offers more durable products than its competitors do.
A firm's distribution network routinely delivers its product on time.
A firm's products are introduced into the market faster than its competitors' products are.
Which of the following is the best example of competing on quick response?
A firm manufactures its product with less raw material waste than its competitors do.
A firm offers more durable products than its competitors do.
A firm's products are introduced into the market faster than its competitors' products.
A firm utilizes its capacity more effectively than its competitors do.
What is the practice of transferring a firm's activities that have traditionally been internal to external suppliers?
nearshoring
farshoring
offshoring
outsourcing
Which of the following is NOT an advantage of outsourcing?
cost savings
gaining outside expertise
improving operations and service
outsourcing core competencies
What theory implies that you should allow another firm to perform work activities for your company if that company can do it more productively than you can?
theory of competitive advantage
theory of core competencies
theory of comparative advantage
theory of outsourcing
Which of the international operations strategies involves high cost reductions and high local responsiveness?
international strategy
global strategy
transnational strategy
multidomestic strategy
Which of the international operations strategies uses import/export or licensing of existing products?
international strategy
global strategy
transnational strategy
multidomestic strategy
