Author Question: Mexico relied on which of the following trade activities between 1917 and 1982? A) low import ... (Read 83 times)

bcretired

  • Hero Member
  • *****
  • Posts: 525
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?


jojobee318

  • Sr. Member
  • ****
  • Posts: 298
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

For a complete list of videos, visit our video library