In a Firm Without a Global Product Policy, the Preference

question 70

True/False

In a firm without a global product policy, the preference of the operations management people in the home office has always been to localize the product or at least the production process in as many overseas plants as possible.

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Definitions:

Fordism

A system of mass production that combines manufacturing with technological innovations to produce large quantities of standardized products, famously pioneered by Henry Ford.

Historical Significance

The importance assigned to an event, person, or place based on its impact on history, its representative value, or its influence on present and future conditions.

John Dewey's Pragmatism

A philosophical doctrine that emphasizes the practical application of ideas by acting on them to actually test them in human experiences.

Progressive Era

A period in the late 19th and early 20th centuries in the United States during which widespread social, political, and economic reforms were enacted in response to the problems arising from industrialization, urbanization, and corruption.