Business Administration
Answer: - If the value-to-weight ratio is high, produce the product in a single location and export to other parts of the world - If the value-to-weight ratio is low, there is greater pressure to manufacture the product in multiple locations across the world
48) Which of the following products will have low value-to-weight ratios?A) pharmaceuticalsB) refined sugarC) microprocessorD) electronic items 49) Concentration of production is appropriate when Get answer to your question and much more 50) The level of output at which most plant-level scale economies are exhausted is referred to as the Get answer to your question and much more 51) An advantage of a ________ allows a firm to hedge against currency risks. Get answer to your question and much more 52) ________ covers a range of manufacturing technologies designed to reduce setup times for complexequipment.A) ISO 9000B) TQMC) Lean productionD) JIT 53) A flexible machine cell is Get answer to your question and much more 54) Products such as refined sugar, certain bulk chemicals, paint, and petroleum products Get answer to your question and much more 55) Which of the following is the main concept of economies of scale? Get answer to your question and much more 56) ________ implies that a firm may be able to customize its product range to suit the needs of differentcustomer groups without bearing a significant cost penalty.A) Assembly-line productionB) Mass customizationC) Six Sigma productionD) Product standardization 57) The typical ________ is dedicated to the production of a family of parts or products through the use offour to six machines capable of performing various operations. Get answer to your question and much more 58) Decentralization of production is appropriate when Get answer to your question and much more Upload your study docs or become a Course Hero member to access this document Upload your study docs or become a Course Hero member to access this document End of preview. Want to read all 61 pages? Upload your study docs or become a Course Hero member to access this document Foreign exchange market, International Monetary Fund |
Which of the following products will have low value-to-weight ratios?
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