_____ refers to the shift toward economic international integration.

Fill in the blank(s) with the appropriate word(s).

Answer: Globalization

Business

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Yuncen Foods, a company that manufactures frozen food, gets over half of its revenue from international sales. It has been consistently ranked the best frozen foods manufacturer in the world

It has catered its products to suit people in different countries according to their tastes and preferences. This shows that Yuncen Foods: a. needs to increase its domestic sales. b. has used inshoring to increase its profits and market share. c. should invest in another product line to compete effectively in the market. d. has a global vision that is paying off well.

Business

If actual direct materials costs are greater than standard direct materials costs, it means that

a. the actual unit price of direct materials was greater than the standard unit price of direct materials. b. the purchasing agent or the production foreman is inefficient. c. actual costs were calculated incorrectly. d. the actual unit price of raw materials or the actual quantities of raw materials used was greater than the standard unit price or standard quantities of raw materials expected.

Business