1. Direct Costs:
- Defined as expenses directly attributable to the production of a specific product or service, such as raw materials or labor.
2. Cash Flow Improvement:
- Methods include offering early payment discounts to customers or negotiating extended payment terms with suppliers.
3. Added Value:
- Calculated as the difference between the selling price of a product and the cost of inputs involved in its production.
4. Entrepreneurial Success:
- Requires qualities such as resilience to overcome challenges and sustain motivation.
5. Primary Research:
- Defined as the process of collecting original data directly from sources, like surveys or interviews.
6. Sampling Limitation:
- Sampling may introduce bias if the sample is not representative of the target population.
7. Operating Over Maximum Capacity:
- Can strain resources, reduce quality, and increase employee stress, potentially impacting long-term performance.
8. McGregor’s Theory X Management:
- Benefits include clear structure and high control over workforce productivity in scenarios where close supervision is critical.
9. Management-Workforce Cooperation:
- Evaluation of its role in fostering communication, trust, and alignment of goals for operational success.
10. Sustainability in Business:
- Benefits include cost savings through efficient resource use and enhanced brand reputation.
11. Supply Chain Management for Internet Retailers:
- Evaluation of its importance in ensuring timely delivery, cost efficiency, and customer satisfaction relative to other operational factors.
Laura Bellini
Classification: Paper 1
Page count: 4
Viewed: 381
Last update: 6 months ago
Crash report