A Multidomestic Strategy Is the Most Appropriate Strategy for International

question 48

True/False

A multidomestic strategy is the most appropriate strategy for international operations because it drives economies of scale as far as possible and provides a middle of the road product appealing to the largest number of consumers in every market.

Recognize the adaptive strategies of contemporary managers in the 21st-century environment.

Understand operations objectives in customer-driven organizations.

Recognize the significance of continuous improvement and its application in organizations.

Describe the role of technology in improving operation quality and efficiency.

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Definitions:

Just-In-Time

An inventory management strategy that aligns raw-material orders from suppliers directly with production schedules to reduce stock levels and increase efficiency.

Production Flexibility

The capability of a manufacturing system to adapt efficiently to changes such as new product introductions, production volume adjustments, and design alterations.

Corporate Governance

The system by which a company is directed and controlled. If properly implemented it should provide incentives for top management to pursue objectives that are in the interests of the company and it should effectively monitor performance.

Annual Tax Returns

are yearly reports filed with a governmental body declaring income, profits, and losses to determine tax liability.