Business Studies Samenvattingen, Aantekeningen en Examens

Productivity - Answer output measured against the inputs used to create it. Buffer Inventory Level - Answer inventory held to deal with uncertainty in customer demand and deliveries of supplies. Lean Production - Answer techniques used by businesses to cut down on waste and therefore increase efficiency. Kaizen - Answer Japanese term meaning "continuous improvement" through the elimination of waste. Just-in-time (JIT) - Answer production method that involves reducing or v...

a business - Answer an enterprise; an organisation which supplies goods or services or achieves a specific result public sector - Answer government controlled organisations, central or local, which supply goods or services either for a profit or not-for-profit private sector - Answer businesses owned and controlled by individuals, which sell goods or services, usually for profit inputs - Answer resources outputs - Answer goods and services factors of production - Answer ...

MARKETING GTAMINE Marketing management final exam bank questions and answers 1. Producing a product or service and making it available to buyers requires building relationships not only with customers but also with key suppliers and resellers in the company's . A: supply chain 2. The sets of firms that supply companies with the raw materials, components, parts, information, finances, and expertise needed to create products or services are known as . A: upstream partners ...

intellectual capital what's) - Correct Answer Adapt Rapidly Adapt to society's wants and needs(quickly) Technology and innovation drive global economy Many trade barriers don't exist(pre-trump/post-trump). Innovative companies will thrive High performing companies value intellectual capital Shared knowledge of a workforce used to create value people/employees are the foundation of a company Define organization - Correct Answer collection of people working together to achieve a common ...

MARKETING GTAMINE Marketing management final exam bank questions and answers 1. Producing a product or service and making it available to buyers requires building relationships not only with customers but also with key suppliers and resellers in the company's . A: supply chain 2. The sets of firms that supply companies with the raw materials, components, parts, information, finances, and expertise needed to create products or services are known as . A: upstream partners ...

Business Studies AS Level: Chap. - 4: Revision Questions and Answers 2024

Pearson BTEC Level 3 Nationals Diploma, Extended Diploma Window for supervised period: Wednesday 13 December 2023 – Thursday 18 January 2024 Time 6 hours 31588H Paper reference Business/Enterprise and Entrepreneurship UNIT 6/12: Principles of Management You do not need any other materials. Part A Instructions • Part A contains material for the completion of the preparatory work for the set task. • Part A must be issued to learners on the timetabled date so that...

MARKETING GTAMINE Marketing management final exam bank questions and answers 1. Producing a product or service and making it available to buyers requires building relationships not only with customers but also with key suppliers and resellers in the company's . A: supply chain 2. The sets of firms that supply companies with the raw materials, components, parts, information, finances, and expertise needed to create products or services are known as . A: upstream partners ...

Cambridge IGCSE Business Studies A Need - CORRECT ANSWER-A good or service essential for living. A want - CORRECT ANSWER-A good or service that people would like to have, but which is not essential for living. Economic problem - CORRECT ANSWER-Unlimited wants but limited resources - this creates scarcity. Scarcity - CORRECT ANSWER-Lack of sufficient products to satisfy total wants of population. Opportunity Costs - CORRECT ANSWER-The next best item given up by choosing another. ...

business administration