56.Uniway Technologies Inc. has based its manufacturing units in the country of Lanthania. The country's stable economic and political environment has helped the firm gain competitive advantage by lowering its production costs and improving product quality. Other things being equal, the benefits realized from such a strategy can be typically referred to as _____. A. economies of scope. B. location economies. C. diseconomies of scale. D. economies of power. E. learning economies. 57.Which of the following location externalities is favorable for foreign direct investment in a country? 58.Which of the following is a consequence of adverse changes in exchange rates? 59.Which of the following statements is true about performing a manufacturing activity in several locations at once? Performing a manufacturing activity in several locations makes it difficult for a firm to accommodate demands for local responsiveness. The larger the minimum efficient scale of a plant relative to total global demand, the greater the need for decentralizing production to multiple locations. Many firms disperse their manufacturing plants to different locations as a “real hedge” against potentially adverse moves in currencies.
60.The concept of _____ tells us that as plant output expands, unit costs decrease. One reason is the greater utilization of capital equipment. A. minimum efficient scale B. lean production C. Six Sigma D. economies of scale E. total quality management 61.The level of output at which most plant-level scale economies are exhausted is known as _____.
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