Quantitative Factors
One quantitative factor
What is (availability, cost of land, cost of labor, proximity, government incentive, feasibility of E-commerce)
One qualitative factor for a specific location
What is (management preference, local knowledge, infrastructure, political stability, government restriction, ethical issues, comparative shopping-clustering)
When is it ethical to outsource?
Answer accepted by Alyssa, Sophia or Taylor (no objections or you get -1,000,000 points)
True or false: Some production have been moved overseas because labor is cheaper
What is true
What does DECA stand for?
What is Distributing to Everyone the Communist Agenda
Bonus point from Mrs. Gaines if you say nothing :)
Why is availability (in many aspect of relocation) important? What benefits does the consideration of availability have?
Answer will be either accepted or denied by Alyssa, Sophia and Taylor (do NOT argue or you will get an automatic -1,000,000 points deducted)
Define management preferences
What is personal preferences that management has about a location for a number of reasons
True or false: One disadvantage of relocation is the hiring of new employees
What is false
-1,000,000 if you get this wrong because there is a 98.2% chance you were not paying attention
True or false: E-commerce is not viable for overcoming international issues
What is false
Mrs. Gaines's middle name
What is Marie
What are assisted areas?
What type of knowledge gives a business a competitive advantage?
What is local knowledge
Three ways to reorganize production
What are outsourcing, offshoring and insourcing
What makes setting up a business overseas difficult?
What is government regulations
Name of everyone who switched out from 1st to 2nd semester
Who is Griffin Mcleod, Breckin Whitehead, Alex(the wall) Young, Tanner Woelber, Elijah Hokansen, Ra'sun Williams
Bonus points if you say Camden.. because he tried:)
True or false: A bulk increasing business should locate closer to the market
What is true
What can unethical behavior cause?
What are problems with the local people or a bad reputation for the business
What is a Footloose Organization?
What is a business that does not gain any cost-reducing advantages from locating in a particular location - can locate in almost any location
Besides the disadvantages of relocation, what should a business also consider?
What is financial consequences
How many periods of IB Business has Sophia missed as of 5/20/19 (based on her attendance record on skyward, this does not include EE days, IB tests, or field trips)
What is 5
Definition of quantitative factors
What are factors that are measurable in financial terms and will have a direct impact on either the costs of a site or the revenues from it and its profitability
Definition of qualitative factors
What are factors that are non-measurable and may influence business decision
Three factors that effect a business' decision to relocate
What are (near the market to improve demand, close to a skilled labor force, near high value raw materials, close to the point of sale, away from busy areas, have space to expand, good communication links)
What should a business consider of an area to avoid bad mistakes? (Usually entails market research before they enter the area)
What is cultural understanding
How many pages does the IB textbook have?
What is 590
-500 points if you looked in the book :)