Global Factors (HSC SSCE Business Studies): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What are the four major global factors that shape operations strategy?
What are the four major global factors that shape operations strategy?
Global sourcing, economies of scale, R&D, scanning & learning
What does global sourcing refer to?
What does global sourcing refer to?
Purchasing supplies/services globally w/o geographic limits
Which is a financial challenge of global sourcing?
Which is a financial challenge of global sourcing?
Exchange rate fluctuations creating risk
What are SLAs in global sourcing?
What are SLAs in global sourcing?
Contracts specifying expected service levels
What happens to per-unit costs as production volume increases with economies of scale?
What happens to per-unit costs as production volume increases with economies of scale?
Per-unit input costs decrease
Which is an example of marketing economies of scale?
Which is an example of marketing economies of scale?
Standardised global branding like Nike
What does scanning and learning involve?
What does scanning and learning involve?
Monitoring global best practices & adapting strategies
What does the Japanese term 'kaizen' mean?
What does the Japanese term 'kaizen' mean?
Continuous improvement
What is the primary purpose of R&D?
What is the primary purpose of R&D?
Create innovative products & leading-edge tech
What was Australia's global ranking for R&D investment according to the OECD?
What was Australia's global ranking for R&D investment according to the OECD?
107th