BUSI 303 Quiz 4, Verified and Correct answers, Liberty University

BUSI 303 Quiz 4



 Question 1
2 out of 2 points
The key factors that influence the entry mode selection include all
except?

Selected Answer: Production and labor costs


 Question 2
2 out of 2 points
What are the two types of business entry modes available into a
market?

Selected Low intensity: No investment into the new market; high
Answer: intensity: Significant amounts of investment in the market


 Question 3
2 out of 2 points
Which of the following is NOT a strategic capability to necessitate the
development of a global operations strategy?

Selected Answer: Competition on Quality and Price




 Question 4
2 out of 2 points
Utilizing methods such as Just-In-Time, providing products and

, services in an efficient manne

Selected Answer: Inventory




 Question 5
2 out of 2 points
The term logistics refers to the movement of finished products, semi-
finished products, components, and materials between various
locations.

Selected Answer: *True
 Question 6
2 out of 2 points
If attacked in their home market by higher quality and lower prices, the
domestic firm can attack the overseas competitor’s home market?

Selected Answer: False
 Question 7
2 out of 2 points
Calculations are made to maintain sufficient inventories for
predetermined supply chain system needs.

Selected Answer: Inventory optimization system
 Question 8
2 out of 2 points
A primary characteristic of the globalization of markets is the advent of
the__________. The expectation of standardized goods and services
with a corresponding level of consistency in service, quality, and
performance across nations and regions signifies the trend towards
global commerce.

Selected Answer: Global Consumer
 Question 9