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?
The regulator of HRM laws
What is the Fairwork Commission?
4
How many sections are there in the exam?
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 staff turnover and lower absenteeism
What is the benefit of effective Human Resources Management?
Tuesday August 11
On what date is the Business Studies Trial Exam?
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
Fair Work Act, 11 NES, Awards, Enterprise Agreements
What is the current legal framework?
100
How many marks are in the HSC Exam?