Production management is concerned with:

the efficient use of labor and capital. competition. maximizing operation costs. all of the above.

A publisher that owns the rights to a forest is engaging in _________ integration.

forward virtual backward horizontal

A publisher that owns a bookstore is engaging in ____________ integration.

horizontal forward virtual backward

A publisher of textbooks that purchases a publisher of novels is engaging in __________ integration.

forward virtual backward horizontal

Which of the following is not correct?

Global innovation management and knowledge management are increasingly important to the long-run performance of all firms. Production strategies begin with manufacturing. Innovation can be divided into product/service development and process development. None of the above.

Host country governments typically pressure MNEs to:

train host-country managers. use local sources for their supplies. hire local workers. all of the above.

Production strategies begin with:

manufacturing. choosing the most efficient capital to labor ratio. developing innovative human resource programs. new product development.

Which of the following is an example of innovation?

A new production-line system.

A new system of knowledge sharing among engineers that reduces production errors. The application of a technology recently discovered to create a new cell phone.

All of the above.

Which of the following firms customize their products for different markets?
McDonald's. Coca-cola. Microsoft. All of the above.

An R&D centre in the University of Beijing is co-operating with Microsoft to develop applications that can be used in China. This is called a _________ center.
basic technical applied host

The main reason to monitor speed-to-market is:

to decrease production costs.

to beat the competition. to move on to other projects. all of the above.

What do MNEs base the choice of their suppliers on?

How close they are to their headquarters. MNEs make all the products they need. What is best for the company, regardless of location. All of the above

Companies which engage in JIT are effectively:

managing their inventory. engaging in continuous improvement. charting every step that goes into producing a product. all of the above.

Goods and services are:

related with services often having a goods element to them. related with goods often having a service element to them. two mutually exclusive types of goods that an MNE might provide. none of the above.

The primary modes of transportation are:

air and pipeline. ocean and air. ocean and motor carrier. ocean and rail.