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?

To gauge the level of commitment required Signup and view all the answers

What role do technical parameters play in influencing technology selection?

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

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

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

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

Establish Guarantees as stipulated in Licensing Agreement Signup and view all the answers

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

Equipment Drying Signup and view all the answers

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

To ensure safety and proper functioning of electrical systems Signup and view all the answers

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

Steam Blowing Signup and view all the answers

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

Nitrogen Purging Signup and view all the answers

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

To compare and evaluate the technical aspects of vendors' bids Signup and view all the answers

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

To resolve queries on vendor bids by seeking clarifications Signup and view all the answers

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

To discuss price, payment terms, and shipment terms Signup and view all the answers

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

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

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

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

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

To ensure transparency and compliance in the bidding process Signup and view all the answers

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

To procure all hardware and services required for plant construction Signup and view all the answers

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

Final Line List Development Signup and view all the answers

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

To ensure structural integrity and optimal design Signup and view all the answers

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

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

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

To specify requirements for automation equipment Signup and view all the answers

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

Constructability Reviews Signup and view all the answers