54. Which of the following is a drawback of ISO 9000 certification?
55. To be able to accommodate demands for local responsiveness, a firm should:
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 _____.
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?
60. The concept of _____ tells us that as plant output expands, unit costs decrease. One
reason is the greater utilization of capital equipment.
61. The level of output at which most plant-level scale economies are exhausted is known as
_____.
62. Uvicon Inc. and Bionor Inc. are firms that compete against each other in the global
market. Uvicon Inc. has a high level of fixed costs and high minimum efficient scale, while Bionor
Inc. has a low level of fixed costs and minimum efficient scale. In this scenario, which of the
following is true?
63. Which of the following statements is true about minimum efficient scale of output?
64. Which of the following is a consequence of a low minimum efficient scale?
65. A firm with a wide product variety will find it:
66. Producing a standardized product in large volumes will:
67. Adopting flexible manufacturing technology to produce a wide variety of end products
results in:
68. Which of the following is an objective of lean production?
69. Mass customization reconciles the two goals of:
70. Which of the following is an implication of a mass production system?
71. A _____ includes a grouping of various types of machinery, a common materials handler,
and a computer to control the production of a family of parts or products.
72. Which of the following is a consequence of using flexible machine cells?
73. Flexible manufacturing technologies help a company achieve mass customization, which
increases its _____.