Unit 1
The factors of production
What are Land, Labor, Capital, and Enterprise?
Figurehead falls under this type of roles category
What are interpersonal roles?
Multi-site location
What is a business that operates from more than one location?
The three main sources of short-term external finance
What are bank overdrafts, trade credit, and debt factoring?
This is what a command economy is controlled by
What is the state?
Piece rate
What is a payment to a worker for each unit produced?
The meaning of marketing strategy
What is long-term plan established for achieving marketing objectives?
The unabbreviated form of CAD
What is Computer Aided Design?
The break-even level of output formula
What is fixed cost/contribution per credit?
These words make up the acronym 'SMART'
Regional heads are under this job grade
What is A?
Quantitative research uses this approach
What is a numerical/statistical approach?
The capital productivity formula
What is outpout/capital employed?
Cost of sales formula
What is opening stocks plus purchases minus closing stocks?
What is to provide finance to the business in different forms?
The formula for labor turnover
What is number of employees leaving in one year/average number of people employed x 100?
Money refunds are offered when this happens
What is when the receipt is returned to the manufacturer?
The people that raw materials and components are purchased from
What are outside suppliers?
Cash flow forecast section three title
What is net monthly cash flow and opening and closing balance?
The public sector comprises these things
What is organizations accountable to and controlled by central or local government (the state)?
The number of levels on Maslow's Hierarchy of Needs pyramid
What is 5?
This is the place category in the decline stage of the product life cycle
What is eliminate unprofitable outlets for the product?
The two most imporant technological innovations in manufacturing
The time at which the closing cash balance can be held
What is at the end of the month becomes next month's opening balance?