Suppose a Country,whose Production and Consumption of Cell Phones Is

question 125

Multiple Choice

Suppose a country,whose production and consumption of cell phones is large relative to the world market,has just entered the global market.If the country is a net-importer of cell phones,we would expect:

• A)the world supply curve to shift more to the right than the world demand curve as a result.
• B)the world supply curve to shift more to the left than the world demand curve as a result.
• C)the world demand curve to shift more to the right than the world supply curve as a result.
• D)the world demand curve to shift more to the left than the world supply curve as a result.

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Definitions:

MRP II

Manufacturing Resource Planning (MRP II) is an integrated method for effective planning of all resources of a manufacturing company, including production scheduling and inventory management.

MRP

Stands for Material Requirements Planning, a system for calculating materials and components needed to manufacture a product.

SCM

Stands for Supply Chain Management, which involves managing the flow of goods and services, including all processes that transform raw materials into final products.

TPS

Transaction Processing Systems are computerized systems that perform and record daily routine transactions necessary to conduct the business; they serve at the operational level of an organization.