Operations
Definition of Operations
What is the processes that involve the transformation or production?
General formula for profit
Revenue - Expenses
4 P's is referring to as
Marketing Mix
Management of the relationship between employer and employee
What is human resource management?
Length of the HSC Exam
The cost advantages that can be created because of an increase in the scale of business operations
What is Economies of Scales?
Long term source of borrowing
What is mortgage, debentures, unsecured notes, leasing?
The promotion mix
Organisations formed to represent employees to improve conditions
What is trade unions?
First component of a business report
What is an executive summary?
3 Advantages and 3 Disadvantages of outsourcing
Advantages: simplification, efficiency, cost saving, accountability, access to skills/resources, building competencies
Disadvantages; cost, communication, lost of control, hierarchies, organisational change, vulnerability, information technology
Define liquidity
What is the extent to which a business can meet its financial commitments in the short term (less than 12 months)?
The three approaches to marketing
What is production, selling and marketing?
Fair Work Act (2009) established this
What is the Fairwork Commission?
How many sections are there in the exam?
4
Four input costs
What is;
- Facilities
- Land
- Resources
- Interest on investment
- Leases on machinery
- Installation and testing
total liabilities ÷ total equity
What is debt to equity ratio?
Refers to the environment which the service will be delivered
What is physical evidence?
A decrease in absenteeism may reflect a positive one of these.
What is corporate culture?
On what date is the holiday study session - exact date
Friday 11th October
quality, speed, dependability, flexibility, customisation, cost
What are performance objectives?
Functions as the market operator, listing of companies, buying and selling of shares
What is Australian Securities Exchange?
SWOT Analysis and Product Life Cycle form part of this
Situational Analysis
the employment contract – common law (rights and obligations of employers and employees), minimum employment standards, minimum wage rates, awards, enterprise agreements, other employment contracts
What is the current legal framework?
Number of Marks in the HSC exam multiplied by number of students in this class.
What is 1000