Production
4 stages in the production process
What is input, conversion, output and control process
Collecting data to solve a marketing problem
What is marketing research?
He takes calculated risks and starts a new venture
What is an entrepreneur?
The longest time it takes for the important tasks in a project to be completed
What is the critical path?
A graphical representation of alternatives to make a decision
What is a decision tree?
_______ is forecasting by a jury of experts who do not know each other
What is the Delphi Method?
A process that involves markets, needs and wants, products/services, quality, exchange
What is the marketing process (core concepts)?
This venture earns revenue and uses it for the welfare of society
What is social entrepreneurship?
The dotted line on a network diagram
What is a dummy line?
For an alternative path the _________ add up to 1.0
What is the probability?
This is the layout for building a bridge
What is the fixed layout?
They are product, price, place and promotion
What are the marketing mix variables (4Ps)?
Entrepreneurs are born, not made
What is a myth of entrepreneurship?
All the slack = 0
What is the critical path?
To decide on the best alternative for a project we use the highest _________ calculated
What is EMV?
Moving average for week 4 using a 3-week moving average of (2000, 1500 and 1000)
What is 3,833.33?
This 'P' deals with logistics
What is place?
The economy is driven by all decisions being taken by the state
What is the command (planned) economy?
The time it takes for each activity in a project
What is the duration?
For an alternative path in a project, success has 65% probability. Failure probability is ______?
What is 35%?
Design in production using smaller parts
What is miniaturisation?
This involves product development, introduction, growth, maturity and decline
What is the product life cycle?
I use my innovative skills to help grow and expand the business where I am employed
Who is an intrapreneur?
Each square box on a network diagram
What is node (key)?
The act of rejecting alternatives on a decision tree is
What is Pruning