9 - 9 Student 1 Currently manufacturing accounts for only...

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9 Student: _______________________________________________________________________________________ True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False 1. Currently, manufacturing accounts for only around 70% of U.S. GDP. 2. The 2008 recession greatly affected the state of manufacturing in the U.S., resulting in a slow down in production and the loss of jobs. 3. The Green Movement has had a large affect on the service industry, but only a negligible affect on manufacturing. 4. Prior to the recession of 2008-2009, foreign investment bought steel plants in the U.S. and planned to run them at capacity. These and other manufacturing sites were keeping the growth in manufactured products at about 4% per year. 5. One key to the resurgence of U.S. firms as world-class competitors has been the implementation of a focus on quality. 6. Evidence suggests that U.S. manufacturing firms can no longer compete against the best firms in the rest of the world. 7. American manufacturers have emphasized continuous improvement as one strategy for regaining a competitive advantage in the manufacturing sector. 8. In order to be more competitive globally, production techniques such as enterprise resource planning and lean manufacturing are being used by American manufacturers. 9. To strengthen its manufacturing base, the U.S. will need to continue to innovate. 10. The U.S. is still manufacturing intensive. Only 25% of U.S. jobs come from the service sector. 11. Companies such as IBM prefer to stay the course and continue to compete by selling products instead of services. 12. Since U.S. manufacturing competes on price throughout the world, innovation plays a very small part in the U.S. economy. 13. U.S. businesses are known for their creativity and their ability to implement change. 14. The main reason for the recent resurgence of American manufacturing firms has been the quotas and tariffs imposed by the U.S. government in an attempt to protect domestic firms from cheap imports. 15. As the service industries became a larger part of U.S. GDP, companies have become more concerned about measuring productivity in the service sector. 16. U.S. manufacturers are focusing on quality as a way to become more competitive globally, assuming that cost is not an issue. 17. Although important, the Green Economy will do little to add value to the U.S. economy. 18. Casey and Kevin are scanning the "All Things Green" magazine trying to get some green ideas they can incorporate into their business. The problem with going green, however, is that quality tends to decrease, and it is difficult to incorporate contemporary operations management techniques with "green" ideas.
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This note was uploaded on 10/17/2011 for the course BUS BUS300 taught by Professor Na during the Spring '11 term at American River.

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9 - 9 Student 1 Currently manufacturing accounts for only...

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