To Use Location to Build Competitive Advantage When Competing in Both

question 27

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 economies of scale.
• 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.

Describe the concept, characteristics, and significance of collective bargaining agreements in the U.S.

Explain the differences between various types of unions (e.g., industrial, craft) and the strategies they employ (e.g., exclusive, inclusive).

Understand the impact of labor laws and regulations on labor practices such as monopsonies, closed shops, and right to work laws.

Recognize the historical context and significance of the most disruptive strikes in labor history.

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Definitions:

Job Analysis

A systematic process of gathering, documenting, and analyzing information about the responsibilities, duties, skills, outcomes, and work environment of a specific job.

People-centered

An approach or mindset that prioritizes the welfare, development, and engagement of people within an organization or community over other considerations.

Human Capital

The knowledge, skills, and abilities possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

Management Practices

The strategies, methods, and techniques used by managers to perform their functions of planning, organizing, leading, and controlling within an organization.