In Competing in Foreign Markets,companies Find It Advantageous to Concentrate

question 58

Multiple Choice

In competing in foreign markets,companies find it advantageous to concentrate their activities in a limited number of locations when

• A) there are significant scale economies in performing an activity.
• B) the costs of manufacturing or other activities are significantly lower in some geographic locations than in others.
• C) there is a steep learning or experience curve associated with performing an activity in a single location (thus making it economical to serve the whole world market from just one or maybe a few locations).
• D) certain locations have superior resources,allow better coordination of related activities,or offer other valuable advantages.
• E) All of these choices are correct.

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Definitions:

Change Competency

The ability of an organization or individual to effectively adapt to and manage changes.

KSAs

Acronym for Knowledge, Skills, and Abilities; important components that influence an individual's performance and efficiency in particular tasks.

Constant Improvement

denotes an ongoing effort to enhance all aspects of an organization or individual's performance, focusing on incremental upgrades over time.

External Pressures

Forces or influences originating outside an individual or organization that can affect behavior, decisions, or performance.