True false 2 the firm that improves its quality

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Essentials of Marketing
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Chapter 5 / Exercise 4.3
Essentials of Marketing
Hair/Lamb
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True False2.The firm that improves its quality control will also reduce its costs of value creation. True False3.Deming, the proponent of total quality management, suggested that management shouldn't attempt to train employees in new skills. True False4.A production process would create just 1 defect per six thousand products at Six Sigma. True False5.Other things being equal, a firm should locate its various manufacturing activities where the relative factor costs are conducive to the performance of those activities. True False6.The level of output at which most plant-level scale economies are exhausted is referred to as the minimum efficient scale of output. True False7.The argument for centralizing production will be greater if the minimum efficient scale of a plant relative to total global demand is low. True False8.Maintaining high minimum efficient scale allows a firm to hedge against currency risks. True False9.Lean production covers a range of manufacturing technologies designed to reduce setup times for complex equipment. True False10.Mass customization facilitates product customization at low costs. True False11.A flexible machine cell is used to perform a standardized operation. True False12.Flexible manufacturing technologies enable companies to customize products to the demands of small consumer groups. True False13.The minimum efficient scale of production is high when fixed costs are low. True False14.Products such as electronic components and pharmaceuticals have low value-to-weight ratios. True False15.Organizations are under pressure to produce products in the optimal location and to serve the world market from there if their products have low value-to-weight ratios. True FalseThis study resource wasshared via CourseHero.com
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Essentials of Marketing
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Chapter 5 / Exercise 4.3
Essentials of Marketing
Hair/Lamb
Expert Verified
16.Products such as refined sugar, certain bulk chemicals, paint, and petroleum products have low value-to-weight ratios. True False17.Modern consumer products such as personal computers serve universal needs. True False18.Decentralized production is favored if differences between countries in factor costs have a substantial impact on the costs of manufacturing in various countries. True False19.Concentration of production is not favored when important exchange rates are expected to remain relatively stable. True False20.Decentralization of production is appropriate when location externalities are important. True False21.Decentralization of production is appropriate when the product does not serve universal needs. True False22.Poor product quality and low productivity are hidden costs associated with basing production in a foreign location. True False23.Upward migration in the strategic role of foreign production sites arises when they upgrade their own capabilities.

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