One Method for a Factory to Gain Operational Focus Is

question 75

Multiple Choice

One method for a factory to gain operational focus is to:

• A)build large enough factories to produce all products and services the company offers.
• B)hire more specialists and supervisors to control the operations.
• C)reorganize existing facilities to the plant-within-plant approach.
• D)remodel stores to create the effect of many small boutiques under one roof.

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Definitions:

Domestic

Pertaining to or produced within a country's borders, often in contrast to foreign or international.

Import Quota

A government-imposed limit on the quantity or value of goods that can be imported into a country.

Consumer Surplus

The divergence between the total price consumers are willing and able to contribute towards a good or service and the total price they actually contribute.

Japanese Government

The national government of Japan, characterized by a constitutional monarchy and a parliamentary government.