Factors Influencing Technology Selection in International Business
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What are some of the factors influencing technology selection?

  • Availability of skilled labor and market demand
  • Relationship and Post Operational Support from Licensor (correct)
  • Proximity to the equator and time zone differences
  • Historical landmarks in the country

    • Why do companies consider the requirement of raw materials when selecting technology?

  • To increase transportation emissions
  • To support local farmers
  • To reduce costs and ensure availability (correct)
  • To stimulate economic growth

    • How does the cost of technology influence selection decisions?

  • It has no impact on the decision-making process
  • It only matters in small-scale projects
  • It determines the feasibility and profitability of a project (correct)
  • It is usually the least important factor

    • Why is the estimation of money to be spent to probe further important in technology selection?

    <p>To gauge the level of commitment required</p> Signup and view all the answers

    What role do technical parameters play in influencing technology selection?

    <p>They are crucial in determining if a technology meets requirements</p> Signup and view all the answers

    What is a typical step involved in the pre-commissioning process?

    <p>Flushing of Piping Systems with Water / Air / Nitrogen</p> Signup and view all the answers

    During commissioning and start-up, what is done to ensure product quality establishment?

    <p>Establish Guarantees as stipulated in Licensing Agreement</p> Signup and view all the answers

    What is a key focus during the equipment inspection and cleaning stage?

    <p>Equipment Drying</p> Signup and view all the answers

    Why is termination & continuity check of electrical wiring essential in the pre-commissioning stage?

    <p>To ensure safety and proper functioning of electrical systems</p> Signup and view all the answers

    What activity may be required based on service during the pre-commissioning phase?

    <p>Steam Blowing</p> Signup and view all the answers

    In the commissioning process, what is typically done to remove air or oxygen from the system?

    <p>Nitrogen Purging</p> Signup and view all the answers

    What is the purpose of preparing a Technical Bid Evaluation (TBE) in the procurement process?

    <p>To compare and evaluate the technical aspects of vendors' bids</p> Signup and view all the answers

    Why are meetings sometimes required during the evaluation of Technical Bids in the procurement process?

    <p>To resolve queries on vendor bids by seeking clarifications</p> Signup and view all the answers

    In the procurement process, why is negotiating with the Lowest Bidder usually mandatory?

    <p>To discuss price, payment terms, and shipment terms</p> Signup and view all the answers

    What may follow after agreeing on the Draft Contract with a vendor in the procurement process?

    <p>Issue Letter of Intent (LOI) followed by Purchase Order (PO)</p> Signup and view all the answers

    What is the significance of preparing a Commercial Bid Evaluation (CBE) in the procurement process?

    <p>To evaluate and compare vendors' commercial aspects in their bids</p> Signup and view all the answers

    Why are Public/Govt. authorities sometimes present during the opening of Commercial Bids in the procurement process?

    <p>To ensure transparency and compliance in the bidding process</p> Signup and view all the answers

    What is the primary focus of Detailed Engineering in the context provided?

    <p>To procure all hardware and services required for plant construction</p> Signup and view all the answers

    Which of the following is NOT mentioned as part of the Residual Process Engineering carried out sometimes?

    <p>Final Line List Development</p> Signup and view all the answers

    What is the purpose of conducting Stress Analysis and 3D Modelling in the Engineering Deliverables process described?

    <p>To ensure structural integrity and optimal design</p> Signup and view all the answers

    Which part of the Engineering Deliverables process involves Development of Mechanical Datasheets and review of Vendor Deliverables?

    <p>Civil Design of U/G Systems</p> Signup and view all the answers

    In the context provided, what is the purpose of developing Instrument Datasheets and Wiring Diagrams?

    <p>To specify requirements for automation equipment</p> Signup and view all the answers

    What type of reviews are conducted in addition to 3D Model Reviews during the Engineering Deliverables process?

    <p>Constructability Reviews</p> Signup and view all the answers

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