List the performance improvements that resulted from Veridian's quality initiatives
Veridian's quality initiatives have resulted in several performance improvements, including:
1 . Model homes sold cycle times reduced from 32 to 15 days.
2 . Drafting time on models reduced by more than an hour.
3 . Estimating time on model homes reduced by 32 percent.
4 . Material variance (difference between ordered and required, perhaps due to damage on site) down by 20 percent for lumber, 24 percent for siding and 38 percent for trim.
5 . Paperwork processing reduced by 208 hours per year, with a total estimated savings across Veridian of $200,000 through performance increases by implementing a production scheduler software system called Builder MT.
6 . Person hours down by 200 per year through escrow and warranty process improvements.
7 . Defects cut in half by using 10 defect reduction teams in cooperation with trade partners.
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A Canadian software company decides to buy majority stakes in a Chinese firm producing software. The company even adds to its Chinese production capacity. Which of the following could be a potential disadvantage of this direct investment?
A) The Canadian firm will find it difficult to achieve economies of scale. B) This is the least financially rewarding mode of international expansion. C) The Canadian firm will have very limited control on its Chinese investment. D) The Canadian firm will be subject to the piracy problems in China. E) The Canadian firm will be subject to a higher cost of production in China.
Which of the following products is best suited for distribution through short channels?
A) automobiles B) snack foods C) lumber D) textiles