Quick Study $1$

$1.$ Assessing a firm$$s ability to produce enough output to satisfy demand is called what?

$2.$ Location economies can arise from the optimal execution of what?

$3.$ What typically determines the process that a firm uses to create its product?

Quick Study $2$

$1.$ Vertical integration is the process by which a company extends its control over what?

$2.$ Why might a company make a product in$-$house rather than buy it$?$

$3.$ Why might a firm buy a product rather than make it in$-$house?

Quick Study $3$

$1.$ Why might a company strive for quality improvement?

$2.$ The international certification that a company gets when it meets the highest quality

standards in the industry is called what?

$3.$ Under what conditions might a company reinvest earnings in its operations?

Quick Study $4$

$1.$ In general, through what source do companies obtain financial resources?

$2.$ A common way for non$-$U$.$S$.$ companies to access U$.$S$.$ capital markets is to issue what?

$3.$ A firm$$s mix of equity, debt, and internally generated funds that it uses to finance its

activities is called what?