Mgmt 425 - Study guides, Class notes & Summaries

international business - Answer- any commercial transaction that crosses borders of two more more nations imports - Answer- goods and services purchased abroad and brought into a country exports - Answer- goods and services sold abroad and sent out of a country multinational corporation (MNC) - Answer- a business that has direct investments (in the form of marketing or manfacturing subsidiaries) abroad in multiple countries born global firm - Answer- a company that adopts a global pe...

Importance of Quality - Correct Answer--Quality provides the voice of the customer critical to developing innovative products and services -Quality can provide an organization with a competitive edge -"No quality, no sales. No sales, no profit. No profit, no jobs." *Formal Definitions of Quality (Look at definitions in book) - Correct Answer--Transcendent Perspective -Product Perspective -User Perspective -Value Perspective -Manufacturing Perspective -Customer Perspective Transce...

Process - Correct Answer-- A sequence of linked activities that is intended to achieve some result, such as producing a good or service for a customer within or outside the organization - Processes involve combinations of people, machines, tools, techniques, materials, and improvements in a defined series of steps or actions - Ex: machining, mixing, assembly, filling orders - Processes must be repeatable and measurable Process Management - Correct Answer-- Involves planning and administer...

Control and improvement - Correct Answer-control should be the basis for organizational learning and lead to improvement and prevention of defects and errors Processes - Correct Answer--sequence of linked activities that is intended to achieve some result -involve combinations of people, machines, tools, techniques, materials, and improvements in defined series of steps or actions ex: machining, mixing, assembly, filling orders, and approving loans Process Management - Correct Answer-Inv...

MGMT 425 Exam Two Alfred Toma 2023 Test With Questions And Answers Rated A+ MGMT 425 Exam Two Alfred Toma 2023 Test With Questions And Answers Rated A+

MGMT 425 CH4 Verified Questions & Answers 2024. Which of the following is NOT one of the six questions that comprise the task of evaluating a company's resources and competitive position? - ANSWER What are the company's most profitable geographic market segments? Which of the following is NOT a component of evaluating a company's resources and competitive position? - ANSWER Scanning the environment to determine a company's best and most profitable customers Which of the following ...

MGMT 425 Chapter 7 Exam 2 CSULBDirectional Strategy - correct answer is composed of three general orientations (sometimes called grand strategies) - Growth Strategies -Stability Strategies - Retrenchment Strategies Growth Strategies - correct answer Expands the company activities Concentration - Vertical Growth -Horizontal Growth Diversification - Concentric - Conglomerate Stability Strategies - correct answer make no change to the company's current activities Pause/Pro...

MGMT 425 CH3 CORRECTLY ANSWERED QUESTIONS 2024. A company's "macro-environment" refers to - ANSWER the strategically relevant factors outside a company's industry boundaries—economic conditions, political factors, socio-cultural forces, technological factors, environmental factors, and legal/regulatory conditions. principal components of strategic significance in the PESTEL analysis - ANSWER A. Political factors including the extent to which government intervenes in the economy ...

MGMT 425 Exam 1 Quality Management | with complete solution| What are some important characteristics of quality? - - Quality is uniquely positioned to accelerate organizational growth through better execution and alignment - Quality provides the voice of the customer (VOC) critical to developing innovative products and services - Quality can provide an organization with a competitive edge What are the 6 different quality perspectives and what do they mean? - - Transcendent Perspect...