The Decision to Establish Foreign Manufacturing Operations Through Direct Investment

question 5

Multiple Choice

The decision to establish foreign manufacturing operations through direct investment or licensing depends on

• A) the extent to which capital is used in the production process.
• B) the size of the foreign market.
• C) the amount of fixed cost a firm must bear when establishing an overseas facility.
• D) All of these are correct.

Comprehend W. Edwards Deming's principles and their application across different organizations.

Recognize the importance of selecting and developing leaders as per Jack Welch's leadership concepts.

Understand Deming's 14 points for a successful workplace and identify methods to improve quality.

Grasp the philosophy behind the quality movement and its emphasis on employee involvement and problem-solving.

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Definitions:

Barriers

Barriers refer to obstacles that limit or prevent entry or access to a specific market, process, or resource by new competitors or participants.

International Flow of Labor

The movement of workers across borders from one country to another, mainly driven by demand for labor, economic disparities, and globalization.

Worldwide Production Efficiency

Achieved when goods and services are produced at the lowest possible cost globally, maximizing the use of resources across nations.

Wage Rates

The standard amount of pay given for work performed, often expressed on an hourly, daily, or piecework basis.