To Use Location to Build Competitive Advantage When Competing in Both

question 36

Multiple Choice

To use location to build competitive advantage when competing in both domestic and foreign markets,a company must

• A) scatter its production plants across many different country markets so as to minimize the costs of shipping to its own distribution centers and/or wholesalers/retail dealers.
• B) consider (1) whether to concentrate each activity it performs in a few select countries or to disperse performance of the activity to many nations and (2) in which countries to locate particular activities.
• C) concentrate buyer-related activities in a few well-chosen locations so as to maximize the capture of distribution-related scale economies.
• D) disperse both production and distribution activities across many nations in order to hedge against fluctuating exchange rates and lessen the risks of adverse political developments.
• E) avoid selling in countries where there are high trade barriers or where buyers purchase in small quantities.

Understand the process and importance of recording meeting minutes.

Learn how to improve talking ability and the importance of voice quality.

Recognize the importance of adapting communication to fit the audience’s level of understanding.

Understand the functions of style and pitch in professional talking.

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Definitions:

Visual Agnosia

A neurological disorder characterized by the inability to recognize objects despite having normal vision.

Ventral Stream

A pathway in the brain's visual cortex involved in object recognition and form representation, running from the primary visual cortex to the lower temporal lobe.

Dorsal Stream

The pathway in the brain that processes spatial and motion information, extending from the occipital lobe to the parietal lobe, often referred to as the "where" pathway.

Mirror Neurons

Neurons that fire both when an individual performs an action and when they observe the same action performed by another, implicated in learning, empathy, and understanding intentions of others.