OPER.MGMT W/CONNECT
OPER.MGMT W/CONNECT
14th Edition
ISBN: 9781264412341
Author: Stevenson
Publisher: MCG
bartleby

Concept explainers

Question
Book Icon
Chapter 2, Problem 1DRQ
Summary Introduction

To determine: The usefulness and harmfulness of import restriction or tariffs on foreign-produced goods.

Introduction: Competitiveness, strategy making and productivity are three crucial aspects for a firm to withstand and succeed in present competitive business environment. These elements are interrelated which must be handled efficiently in order to attain competitive edge.

Expert Solution & Answer
Check Mark

Explanation of Solution

Usefulness and harmfulness of import restriction or tariffs on foreign-produced goods:

The usefulness of import restriction is that it would give time for the automobile manufacturers to plant their robotic and automation systems that would enable them to impose better competition in the domestic markets. Better competition helps in raising profits and delivering better quality products to the customers.

The drawback is that the opportunity cannot be grabbed by most of the automobile manufacturing companies. On the other hand they would consider it as an obstacle.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
I need to forecast using a 3-Period-Moving-Average-Monthly forecasting model which I did but then I need to   use my forecast numbers to generate a Master Production Schedule (MPS)  I have to Start with actual sales (my own test data numbers) for August-2022 Oct-2022 i need to create MPS to supply demand starting November-2022  April 2023  I just added numbers without applying formulas to the mps on the right side of the spreadsheet because I do not know how to do it. The second image is the example of what it should look like. Thank You.
Solve the following Question 1. How do volume and variety affect the process selection and layout types? Discuss 2. How is the human resource aspect important to operation function? Discuss 3. Discuss the supply network design and its impact on the overall performance of the organization.
Help with question?
Knowledge Booster
Background pattern image
Operations Management
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Understanding Management (MindTap Course List)
Management
ISBN:9781305502215
Author:Richard L. Daft, Dorothy Marcic
Publisher:Cengage Learning