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Author Question: Mexico relied on which of the following trade activities between 1917 and 1982? A) low import ... (Read 28 times)

bcretired

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on: Jul 7, 2018
Mexico relied on which of the following trade activities between 1917 and 1982?
 
  A) low import tariffs
  B) foreign direct investment restrictions
  C) privatization of key industries
  D) membership in GATT and the WTO

Question 2

How does a JIT inventory management system work? Why is factory location especially important to firms that use JIT?
 
  What will be an ideal response?
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jojobee318

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Reply #1 on: Jul 7, 2018
Answer to Question 1

B

Answer to Question 2

With a JIT system, a firm's suppliers deliver their products directly to the firm's manufacturing center, usually in frequent small shipments, just as they are needed for production. Factory location becomes particularly critical when the just-in-time (JIT) inventory management system is
adopted. The JIT system requires careful coordination between a firm and its internal and external suppliers. Often parts suppliers locate their facilities near the factories of their major customers to meet the JIT requirements of their customers.


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bcretired

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Reply #2 on: Jul 7, 2018
Correct answers!


jojobee318

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Reply #3 on: Jul 7, 2018
Great! Please up vote :D


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