Under the Foreign Trade Antitrust Improvements Act (FTAIA), Even If

question 21

True/False

Under the Foreign Trade Antitrust Improvements Act (FTAIA), even if an American company is operating totally in a foreign market, that company is subject to American antitrust law.

Comprehend the relationship between efficiency in value chain activities and competitive advantage.

Analyze the impact of individual value chain activities on a firm's overall strategy.

Understand the tools and frameworks for analyzing future changes in an industry.

Recognize the role of market entry barriers and how they affect industry dynamics.

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Definitions:

Kanban Size

Refers to the capacity or limit set for a kanban, a tool in lean manufacturing and just-in-time production, which signals when more materials or work is needed.

Setup Cost

A fixed cost incurred each time a production process or activity is initiated, which includes costs associated with preparing equipment and facilities for manufacturing.

Carrying Cost

The expenses associated with storing and maintaining inventory, including warehousing, insurance, and spoilage costs.

Safety Stock

Additional inventory kept to prevent stockouts, typically used as a buffer against demand variability or supply chain disruptions.