Generates sales of output Study guides, Class notes & Summaries

Big three areas chart : Finance--> Material and Service Input-->Operations--> Product and Service Outputs-->Marketing--> Sales revenue--> back to finance Finance : Acquires financial resources and capital for inputs Operations : Translates materials and services into outputs Marketing : Generates sales of outputs Support Functions : -Accounting 2 | P a g e -Information Systems -Human Resources -Engineering Process (Inputs-->Process-->Output) : Any activi...

Finance - Answer Acquires financial resources and capital for inputs Marketing - Answer Generates sales of outputs Operations - Answer Translates materials and services into outputs Process - Answer Any activity or group of activities that takes one or more inputs, transforms them, and provides one or more outputs for its customers Operation - Answer A group of resources performing all or part of one more processes Supply Chain - Answer An interrelated series of processes within a...

Corporate Level Strategy specifies actions a firm takes to gain a competitive advantage by selecting and managing a group of different businesses competing in different product markets. (Helps companies to select new strategic positions that are expected to increase the firm's value.) Single-business diversification strategy corporate level strategy wherein the firm generates 95% or more of its sales revenue from its core business area. Dominant-business diversification strategy...

Finance : Acquires financial resources and capital for inputs Marketing : Generates sales of outputs Operations : Translates materials and services into outputs Process : Any activity or group of activities that takes one or more inputs, transforms them, and provides one or more outputs for its customers Operation : A group of resources performing all or part of one more processes 2 | P a g e Supply Chain : An interrelated series of processes within and across firms that produces ...

Edexcel A Level Business: Paper 2 (Advanced Information) Break Even - ANS When a business generates just enough revenue to cover its total costs Break-Even Point - ANS the point at which the costs of producing a product equal the revenue made from selling the product Contribution - ANS The amount of money left over after variable costs have been subtracted from revenue. The money contributes towards fixed costs and profit. Margin of Safety - ANS the range of output between the break even leve...

MGSC 395 Exam 1 Precht Questions And Answers With Verified Study Solutions MGSC 395 Exam 1 Precht Questions And Answers With Verified Study Solutions

MGSC Exam 2 Questions And Answers 100% Verified 2024/2025 The theory of constraints methods increases the firm's profits more effectively by focusing on what? A. eliminating defects B. cutting system costs C. eliminating processing variation D. making materials flow rapidly through the entire system - answermaking materials flow rapidly through the entire system The theory of constraints defines inventory as A. all the money invested in a system in purchasing things that it inten...

CISA CH 3 Exam 133 Questions with Verified Answers Project governance and management - CORRECT ANSWER IS auditor's role is to ensure that rules of system development like SoD are not compromised Components of project management are initiating, planning, executing, controlling, monitoring and closing Three types of project management org structures - CORRECT ANSWER Functional-structured organization-project manager only has a staff function without formal management authority manager ...

Chapter 3 - Cost Behavior 1. A cost that changes in total as output changes is a variable cost. ANSWER: True 2. The cost of raw materials used is usually a fixed a. b. 5. As output increases variable cost per unit will also increase. ANSWER: 6. The cost of advertising is usually a discretionary fixed cost. ANSWER: ANSWER: True a. b. True False cost. True False ANSWER: False RATIONALE: The cost of raw materials used is usually a variable cost. 3. Fixed costs are costs that in tot...

CHAPTER 3 TEST QUESTIONS True-False 1. Globalization is not considered to be one of the external factors driving change in logistics. ANSWER: False 2. The third era of globalization is said to have begun around the year 2000. The significant characteristic of this era is that it is being powered by individuals and smaller organizations rather than global multi-nationals. ANSWER: True 3. The supply chain should manage three important flows, namely, materials/products, informa...