Coordinating the International Value-Chain Activities of a Firm Across Multiple

question 2

Multiple Choice

Coordinating the international value-chain activities of a firm across multiple countries to achieve maximum efficiency is known as ________.

• A) local responsiveness
• B) global integration
• C) adaptation
• D) country-by-country responsiveness

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Definitions:

Conversion Activity

The process of converting raw materials into finished goods through labor and manufacturing operations.

Equivalent Units

A concept used in process costing that converts partially completed units into a smaller number of fully completed units to simplify cost calculations.

FIFO Method

An accounting method where the first items added to inventory are the first ones to be sold or used.

Equivalent Units

A concept used in cost accounting to express the amount of work done by manufacturers in terms of fully completed units of output.