Types of Organizations
The individual that is the buyer of a good or service?
What is a Customer?
The analysis that examines the influences in the external environment in which a business operates
What is STEEPLE analysis?
The cost-saving benefits of operating on a large scale, i.e. the reduction in unit costs of production as an organization grows.
What are economies of scale?
Colegio Lincoln has to pay these costs even though there are no classes at the moment at the physical campus.
What are fixed cost?
These 2 are measured on the y-axis and expressed in a given currency
What are costs and revenues?
The process of creating a product that is worth more the cost of the inputs used to produce it
What is "added value"?
The number of households in Costa Rica has been rising throughout the years. There were 1.54 million households in the Central American country in 2018, up from 1.3 million households recorded in 2011.
What are social factors?
It occurs when an organization becomes too large to manage effectively so its unit costs begin to increase
What are diseconomies of scale?
The costs that can be clearly and specifically identified with the output of a certain product or project
What are direct costs?
This is the point where total sales revenue equals total costs of production
What is the break-even point?
The sector that refers to businesses engaged in the creation or sharing of knowledge or information
What is the quaternary sector?
Costa Rica ranked the second place with 78% of people in the country using social media, followed by Uruguay with 74%, and Mexico with 73%. Paraguay leads the list with 83%. The profile of the Latin American user coincides with the average internaut.
What are technological factors?
BMW and Toyota co-operate on research into hydrogen fuel cells, vehicle electrification and ultra-lightweight materials.
What is a joint venture?
Amazon.com Inc. (AMZN), the world’s largest online retailer, is growing rapidly in a broad range of businesses under founder and CEO Jeff Bezos, including its core e-commerce operations, cloud services, digital advertising, groceries, and prescription drugs. It also sells products such as the Alexa personal assistant and ecosystem, and movies and television shows through its Amazon Prime Video platform.
What are revenue streams?
The difference between the firm's sales volume and the BEQ
If the firm sells 280 hot dogs in a week but only needs to sell 100 to break even
What is the margin of safety?
The person that possesses the same kind of skillset and competencies and behaviours found in entrepreneurs and business leaders.
Who is an intrapreneur?
According to the most recent Confianza del Consumidor (Consumer Confidence Index) published by the Universidad de Costa Rica (UCR) in May 2019, the confidence of consumers towards the economy reaches 33 points, on the scale is 0 to 100.
What are economic factors?
I 2010, France's largest pharmaceutical company, Sanofi-Aventis (SNY), decided to buy American biotech company, Genzyme Corporation. Sanofi-Aventis CEO began meeting Genzyme's major shareholders directly and privately, to make them offers to sell their shares.
What is a take over?
Telecommunication providers charge a minimum fixed monthly fee. This has to be paid irrespective of whether the service is used. Additional charges apply once the fixed volume is used off.
What are Semi-varibale costs?
The difference between the sales price of one unit and the variable costs needed to make that unit of production
What is the contribution per unit?
An element of a business plan that gives details of the product offering to prospective customers. It identifies what makes the product unique or distinguishable from others that might be available in a market.
What is a product description?
Costa Rica has generated 98.53 percent of its electricity from renewable sources over the past four years, using its rivers, volcanoes, wind and solar power.
What are environmental factors?
The growing degree of integration and interdependence of the world's economies.
What is globalization?
The horizontal line, starting on the y-axis at a value that doesn't change with output increase
What is the total fixed cost line?
The positive difference between a firm's total sales revenue and its total cost after tax and interest
What is Net Profit after T and IR?