In the context of a global supply chain, which of the following players does the operations management function bring together?
a. the individual firm and its global suppliers
b. potential consumers of the firm’s products and local retailers
c. sources of finance (e.g., banks) and consumers of capital
d. equipment manufacturers and suppliers of equipment parts
a. the individual firm and its global suppliers
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"The number and geographical location of the buyers and non-buyers" is a factor that should be considered in the "objectives" component of the environmental context of the problem
Indicate whether the statement is true or false
Use this information to answer the following question. These facts concern the long-term stock investments of DeBord Corporation: June 1, 2014 Paid cash for the following long-term investments: 5,000 shares Vanhook Corporation common stock (representing 5 percent of outstanding stock) at $40 per share; 3,000 shares Shust Corporation common stock (representing 3 percent of outstanding stock) at
$24 per share. Dec. 31, 2014 Quoted market prices at year end: Vanhook common stock, $35; Shust common stock, $27. April 1, 2015 A change in policy required the sale of 1,000 shares of Vanhook Corporation common stock at $38. July 1, 2015 Received a cash dividend from Shust Corporation equal to $.30 per share. Dec. 31, 2015 Quoted market prices at year end: Vanhook common stock, $39; Shust common stock, $22. The entry to record the purchase of the Vanhook Corporation common stock is: A) Long-Term Investments 272,000Cash 272,000 B) Long-Term Investments 120,000 Cash 120,000 C) Long-Term Investments 72,000 Cash 72,000 D) Long-Term Investments 200,000 Cash 200,000
You are writing a short informal report that will stay inside your organization. Which format would be most appropriate?
A) Letter format B) Memo or e-mail format C) Manuscript format D) Preprinted form
Sociocultural forces in international markets keep marketers busy trying to understand local preferences, tastes, customs, and idioms. The marketer's failure to understand these forces almost certainly leads to failures in the marketing strategies used. Which one of the following statements about the sociocultural forces in international markets is true?
A. Cultural differences do not affect marketing negotiations and decision-making behavior. B. Buyers' perceptions of other countries do not influence product adoption and use. C. Cultural differences do not have significant effects on marketing activities. D. Transferring marketing logos, trademarks, and symbols is usually an easy process when entering international markets. E. Product acceptance in an international market is more likely if similarities exist between buyer and seller cultures.