Great Trading Houses in Japan Are Called

question 11

Multiple Choice

Great trading houses in Japan are called:

• A) kaizen
• B) sogo shosha
• C) MITI
• D) guanxi
• E) keiratsu

Explain the importance of organizational environments and how they impact organizational design and function.

Understand the purpose and process of departmentation within organizations.

Recognize the role and impact of technology and information systems in organizational performance.

Describe the dynamics of global organizational structures and designs, including network and virtual organizations.

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Definitions:

TAC

Total Average Cost, the sum of all production costs divided by the number of goods produced, indicating the average cost per unit of product.

Arms Race

A competition between two or more parties to have the best armed forces and military technology, often leading to increased military spending and stockpiling of weapons.

Property Rights

Legal rights to possess, use, and dispose of assets including real property (land and buildings) and intellectual property.

Sustainable Rate

The level of output or activity that can be maintained over the long term without depleting resources or causing environmental or economic damage.