The Island of Madagascar Has Large, Undeveloped Deposits of a Rare

question 5

Multiple Choice

The island of Madagascar has large, undeveloped deposits of a rare mineral. A European mining company is interested in locating in Madagascar to extract this mineral. This is an example of an international strategy being motivated by

• A) sourcing of resources and supplies.
• B) seeking to expand or develop new markets.
• C) competitive rivalry.
• D) leveraging core competencies and learning.

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Definitions:

Lot Size

The quantity of items that are processed, produced, or ordered as a batch.

Cycle Counting

An inventory auditing process where a small subset of inventory is counted on a specific day without having to count the entire inventory.

Annual Physical Inventory

An Annual Physical Inventory is the yearly process of counting all physical inventory to verify records and ensure accuracy in stock level reporting.

Remedial Action

Measures taken to correct or mitigate a problem, often after it has been identified through analysis or inspection.