International Business Operations Management
1. What factors have contributed to the importance of international markets on Operations Management?
2. In what areas have these factors impacted Operations Management?
3. Think of a company or a product. How would you determine the demand for this product?
4. Choose a different product. Would the way you determine the demand for this product be different than the way you determined demand for the first product? Why or why not?
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1. The factors that have contributed to the importance of international markets on operations management are the high value of international trade and markets. Another factor is the strength of competition in the international markets. Each of these factors has contributed to the importance of international markets on operations management. Another factor that has contributed to the importance of international markets on operations management is increased product variety. Operations have to factor in the needs of the customers. Also, it has become very difficult to estimate the aggregate demand. Further, the importance of international markets on operations management is that there is a changing standard of raw materials being used. One reality that importance of international markets on operations management is that there is increased ...
Solution Summary
The answer to this problem explains important issues in international business operations management. The references related to the answer are also included.