Companies Using the Same Small-Scale Production Methods in All Markets

question 47

Multiple Choice

Companies using the same small-scale production methods in all markets (e.g. fast food, franchises) are using which type of global manufacturing network:

• A) Global exporter
• B) Globally integrated
• C) Globally coordinated
• D) Global specialization

Understand the concept and effectiveness of empowering leadership.

Distinguish between different decision procedures including autocratic, consultation, and joint decision-making.

Recognize the importance of involving others in decision-making to improve decision quality.

Understand the factors influencing the manager’s decision on what tasks to delegate.

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Definitions:

Competitive Advantage

A business strategy that allows a company to outperform its competitors, often through unique resources, capabilities, or efficiencies.

Employee Training Program

A structured educational plan within a workplace designed to equip employees with the necessary skills and knowledge for their current or future roles.

Jiffy Lube International

An American brand of automotive oil change specialty shops founded in Utah, known for providing fast and convenient maintenance services for vehicles.

Financial Reports

Documents that provide an overview of the financial performance and condition of a company, including balance sheets, income statements, and cash flow statements.