What are value webs quizlet?
Value webs involve a collection of independent firms that use information technology to coordinate their value chains. Value webs are more customer-driven than traditional value chains. Value webs operate in a less linear fashion than traditional value chains..
What is the domestic exporter strategy characterized by?
The domestic exporter strategy is characterized by heavy centralization of corporate activities in the home country of origin. Nearly all international companies begin this way, and some move on to other forms.
Which type of activity within the value chain model is directly related to the production and distribution for a firms products and services?
In the value chain model, support activities are most directly related to the production and distribution of the firm's products and services, which create value for the customer.
Which of the following is a lower system of a company?
Interns. Interns are typically at the lowest level of a company's organizational structure. They are usually students or others with little to no experience in the industry working for the company to learn the basics of the business.
What are the 4 types of international strategies?
Multinational corporations choose from among four basic international strategies: (1) international (2) multi-domestic, (3) global, and (4) transnational. These strategies vary depending on two pressures; 1) on emphasizing low cost and efficiency and 2) responding to the local culture and needs.
What is Multidomestic company & example?
With a local-first multi-domestic strategy, companies like Johnson and Johnson, Nestle, and Frito-Lay focus on creating smaller, country-specific brands to drive revenue. Have you ever traveled to another country and took a peek inside a grocery store or department store?
Which of the following directly links consumer behavior to distribution and production and supply chains?
an efficient customer response system directly links consumer behavior to distribution and production and supply chains.
What is another word for value chain?
critical-path method.
Which of the following value chain activities involves collecting storing and physically distributing the product to buyers quizlet?
The primary activity of sales and marketing is the collection, storage and physical distribution of the products to the buyers.
What are the 3 types of control?
Three basic types of control systems are available to executives: (1) output control, (2) behavioural control, and (3) clan control. Different organizations emphasize different types of control, but most organizations use a mix of all three types.
What is a lower level employee?
While upper-level employees make and implement decisions, low-level employees are usually the ones who carry them out. Low-level employees are the ones who assemble merchandise, serve food and provide customer service. Although low-level employees are paid the least, they are integral to the success of an organization.
What are controls in business?
Control in a business setting, or organizational control, involves the processes and procedures that regulate, guide, and protect an organization. It is one of the four primary managerial functions, along with planning, organizing, and leading. One common type of control companies use is a set of financial policies.
What is domestic strategy in strategic management?
Domestic strategy means internationalizing by exporting goods abroad as a means of seeking new markets. At this stage, the firm is focusing on domestic markets and exporting their products without altering the products for foreign markets. An export manager may be assigned to control foreign sales.
What is domestic exporter?
Domestic exports consist of the exports of all goods grown, produced, extracted or manufactured in Canada or the United States, leaving the country, through customs, for a foreign destination.
What does domestic approach mean?
The Domestic Approach to National Intelligence describes the “as is,” or current picture, of the operating environment for the IC's key engagements with federal, state, local, tribal, territorial, and private sector partners inside the United States.
What's the difference between Multidomestic and transnational?
Both multi-domestic and transnational companies provide businesses with opportunities to compete on a global scale. Multi-domestic companies tailor products to each country and its local environment while a transnational company retains its characteristics across the globe.
Answer
Value web is said to be more customer based driven and operates in a less linear fashion than the traditional value chain. It aids in coordinating various value chains to produce a product or service for market collectivity. It synchronizes multiple value chains in an industry with the aid of internet technology.
New questions in Business
If I sell a pack of 10 biscuits, how much will it cost?The shape and size of the cookie will be released, Please watch the picture before you answer. … ThxQuestions:10 biscuits =12 biscuits =14 biscuits =16 biscuits =18 biscuits =20biscuits =
What is Starbucks' mission?from quizlet.com
A) Starbucks strives to offer customers high-quality coffee, friendly servers, and customer friendly stores.
What is business process?from quizlet.com
B) Business processes are a collection of standard operating procedures.
What is the goal of Six Sigma?from quizlet.com
Quality control is the sole goal of six sigma.
What is an organization?from quizlet.com
A) An organization is a stable, formal social structure that takes resources from the environment and processes them to produce outputs. B) An organization is a formal, legal entity with internal rules and procedures that must abide by laws. C) An organization is a collection of people and other social elements.
What are the two main macroeconomic forces?from quizlet.com
D) by two main macroeconomic forces: capital and labor.
When can a firm be said to have competitive advantage?from quizlet.com
A firm can be said to have competitive advantage when it has access to resources that others do not.
What is the goal of Six Sigma?
Quality control is the sole goal of six sigma.
What is Hilton's use of customer information software?
Hilton Hotels' use of customer information software to identify the most profitable customers to direct its services to is an example of using information systems to:
When can a firm be said to have competitive advantage?
A firm can be said to have competitive advantage when it has access to resources that others do not.
What are keystone firms?
Keystone firms in the Microsoft ecosystem include Microsoft and technology producers such as Intel and IBM. Niche firms include thousands of software application firms, software developers, service firms, networking firms, and consulting firms that both support and rely on the Microsoft products.
What are the assumptions of an organization?
These assumptions include what products should be produced, how they should be produced, where and for whom they should be produced. Sharing the same cultural assumptions, agreement on other matters is more likely.
What is the difference between behavioral and technical view?
The technical view sees capital and labor as interchangeable units, with the ability to rearrange these units at will, whereas the behavioral view sees that rearranging some aspects of the organization, such as an information system, will have important consequences and changes for the organization's other units.
What is bedrock in business?
15) All organizations have bedrock, unquestioned assumptions that define their goals and products.
What is business process?
B) Business processes are a collection of standard operating procedures.
What are the two main macroeconomic forces?
D) by two main macroeconomic forces: capital and labor.
