Which of the Following Is a Strategy to Gain Presence

question 35

Multiple Choice

Which of the following is a strategy to gain presence of a firm's business overseas?

• A) Negotiation
• B) Joint Venture
• C) Localization
• D) Demand alliance

Distinguish between JIT actions and non-JIT actions in inventory management.

Recognize characteristics and benefits of lean operations.

Understand the concept of waste in JIT and methods for its reduction.

Comprehend the role of supplier and customer relationships in JIT systems.

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Definitions:

Supermarkets

Large retail market establishments that sell a wide variety of goods, primarily food and grocery items, but often also household goods.

Trade-In Allowance

The amount a seller offers to reduce the cost of a new item when a customer gives back an old item as part of the transaction.

List Price

The advertised price of a product or service before any discounts or promotions are applied.

New Car Dealer

A business that specializes in selling new automobiles, often featuring a specific brand or range of vehicle models.