Which of the following is a effect of using a traditional production environment but not of a lean production and just-in-time (JIT) manufacturing environment?
A) Increase in the need for highly skilled labor.
B) Increase in the need for highly reliable suppliers.
C) Reduction in the motivation of the work force.
D) Reduction in the processing time.
C
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L'Oreal acquired two U.S. firms that developed and sold hair care products to African-American customers. This permitted it to build a new ethnic hair care division in Europe and Africa. This represents an advantage of international expansion using
A. optimization of the location of value-chain activities. B. performance enhancement. C. learning opportunities. D. arbitrage.
Julia is considering a career in marketing. She is concerned about the image of marketers as fast-talking, high-pressure people who care only about making a sale. When reading about the core aspects of marketing, Julia is relieved to see that in marketing
A. customers are not considered until the product is ready for sale. B. value creation is driven by corporate interests. C. understanding consumer needs and wants is fundamental. D. distribution is controlled by customers. E. promotion is the most important consideration, followed by pricing decisions.
Which of the following would represent adjustments to the working capital of a new venture?
a. Depreciation b. Accounts receivable c. Accounts payable d. All of the above
What are some of the reasons for the failure of a vision?
What will be an ideal response?