OPERATIONS
Materials, information or customers that are used in the operations process to make outputs (finished products and waste)
What are inputs?
Boom, Expansion, Downswing, Recession.
What are economic influences?
A statement showing what a business owns and its debts.
What is a Balance Sheet?
An individual or group that has a common interest in or is affected by the actions of an organisation.
What are stakeholders?
Product, Price, Promotion and Place.
What are the 4 P's of marketing strategies?
What are transformed resources?
Advertisements displaying a false portrayal of a product or service.
What is deceptive and misleading advertising?
Total Liabilities/Total Equity
What is Gearing? or the debt to equity ratio?
Locating and attracting the right quantity and quality of staff to apply for employment vacancies.
What is recruitment?
Paying someone to perform a job for you if you are unskilled in that area or time poor.
What is outsourcing?
Formerly known as The Triple Bottom Line - incorporating the environment, society and the economy.
What is Corporate Social Responsibility?
What are demographics?
What are external sources of debt finance?
Directive, Visionary and Coaching.
What are leadership styles?
Net profit/Owner's Equity = 0.65:1 or 65%.
What is Return on Owner's Equity?
What is Supply Chain Management?
Penetration, Skimming, Points, Loss Leader.
What are Pricing Strategies?
The AUD moves from $0.65USD to $0.80USD.
What is an appreciation of the AUD?
Strikes and Lockouts.
What are industrial disputes?
Resistance to Change
What is inertia?
Global Sourcing, Economies of Scale, Scanning and Learning, R & D.
What are global operations strategies?
A business saturating the market with their product.
What is Intensive Distribution?
Distribution of payments, discounts for early payment and factoring.
What are cash flow management strategies?
The separation of employees from an employer, both voluntary and involuntary, through dismissal or retrenchment.
Simple financial instruments that may be used to lessen the exporting risks associated with currency fluctuations, such as forward exchange contracts, option contracts or swap contracts.
What are derivatives?