BMAL 604 Quiz 4

BMAL 604 Quiz 4 Liberty University

1. A primary characteristic of the globalization of markets is the advent of the ( ).
2. ( ) includes the attractiveness of the geography of region, the socioeconomics of the population, proximity to required resources, labor costs, costs of living, and quality of life
3. Market entry motivation can be classified into two separate areas: (1) ( ) and (2) (       ).
4. ( ) enables a firm to penetrate markets that might not otherwise have been accessible because of foreign policy or
5. ( ) and (            ) generally requires a minimal initial investment and may allow a business to develop key relationships with export/import firms (intermediaries) that will aid in ensuring success into the new
6. A turnkey project relieves the purchaser in a developing country of the responsibility of managing and coordinating the various technical and managerial aspects in a situation where there are often inadequate technical and managerial
7. Establishment of a wholly owned subsidiary in a foreign country is a high-risk challenge for even the largest of multinational corporations.
8. Intermediaries are often considered “coaches” or outside consultants brought in to help steer the firm in the right exporting
9. To avoid obsolescence and promote innovation, a firm must be aware of ( ) changes that might influence the industry.
10. Reactive reasons for motivation are based on the firm’s internal situation and are firm
11. The value chain is generally considered to consist of the acquisition of raw materials, finished goods manufacturing, and distribution
12. Financial management specifically involves the management of the process and production activities that produce the goods or
13. The overall success of the business is dependent upon the efficiency and effectiveness of every function within the ( )
14. The Theory of Constraints suggests that once the constraints are identified, the organization should focus improvement energy solely in that
15. The problem with a ( ) model is the inevitability that divisional communication will break down, causing coordination efforts to become difficult and
16. The selected type of transportation has no impact on the quality of the
17. Factors that play into the make or buy decision include the following items except for: ( ), (       ), and (           ) of a product or
18. Such considerations for ( ) decisions include the degree of centralization/decentralization, degree of hierarchy, and number of echelons.

19. ( ) is a codification or assurance of quality – an internationally recognized certification system or
20. Logistic decisions are made primarily on three different levels: strategic planning, network, and ( ).