Marketing
A strategic framework that is made up of product, place, price, and promotion to create an effective marketing campaign.
What are the 4P's
An inventory management strategy where the oldest product is sold first.
What is First In First Out / FIFO ?
The business aims to achieve growth, profitability, liquidity, efficiency and solvency to have financial stability.
What is Financial Objectives?
Acquiring key business functions and giving them to other businesses, both global and domestic.
What is Outsourcing?
This verb has you: Recognise and name
What is Identify?
Products cannot be warehoused for long periods of time; inventory may be overstocked, and the time of transport from producer to consumer impacts the life of the product.
What are Physical Distribution Issues?
The cost advantages are gained from increasing their input.
What are Economies of Scale?
Operations find cheaper resources to lower expenses, increasing the profitability of the business, contributing to financial stability.
What is the interdependence between operations?
Rewards that do not require the business to use money to maintain staff.
What are non-monetary rewards?
This verb has you:
Make a judgement based on criteria; determine the value of
What is Evaluate?
The stages that a product moves through the marketplace as it enters, becomes established and exits the marketplace.
What is Product Life Cycle?
An aspect of the transformation process that slows down the overall processing speed or creates an impediment, leading to a backlog of incompletely processed products.
What is a bottleneck?
Issued by a business/company to invest in it and is secured by the business.
What are debentures?
Branding that has been used in different languages to suit the country.
What is Global Branding?
This verb has you:
Inquire into
What is Examine?
Strong, long-lasting connection with customers to foster brand loyalty and encourage purchases.
What is Relationship Marketing?
Supplies are purchased according to the rate of inventory turnover.
What is Just in Time (JIT)?
An Australian corporate regulator that is responsible for promoting fair and transparent financial systems and protect consumers and investors.
What is the Australian Securities and Investments Commission (ASIC)?
A document that contains a set of principles that dictate moral conduct expected by employees and employers.
What is a code of ethics?
This verb has you:
Put forward (for example a point of view, idea, argument, suggestion) for consideration or action.
What is Propose?
Data driven prediction of the company’s future financial performance using historical data, current market trends and economic factors influencing the management of the business’s financial resources.
What is a Financial Forecast?
This primary based industry process extracts and produces a high volume of resources with low variation in product. This industry contributes to 12.2% of Australia’s Gross Domestic Product (GDP).
What is mining?
The liquidity ratio of the revolutionary technological company has decreased from 1.36:1 in 2020 to 0.88:1 in 2022 which is due to the effect of significant increases to interest rates in ‘other liabilities’ between 2021 and 2022.
What is Apple’s Comparative Ratio Analysis?
Qantas initially favoured the interaction between employees and employers which centralised around decision making and limited communication between workers and top management. However, new CEO Vanessa Hudson focuses on increased staff input to create a positive corporate culture.
What is Qantas Leadership Style?
This verb has you:
To plan, inquire into, and draw conclusions about a topic or question
What is Investigate?