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4 Cards in this Set
- Front
- Back
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What are the five steps in the decision making process |
1. identify the problem and uncertainties 2. obtain information 3. make predictions about the future 4. make decisions by choosing between alternatives 5. implement the decision, evaluate performance, and learn. |
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6 steps in a value chain and overseer |
1) R&D
2) Design of products and Processes 3) Production 4) Marketing 5) Distribution 6) Customer Service Admin oversees all functions |
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5 Key success factors consumers want from supply and value chains |
1) Timeliness 2) Quality 3) Cost and efficiency 4) Innovation 5) Sustainability |
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Three managment accounting guidlines |
1) Cost benefit approach 2) Behavioral and technical considerations 3) Different Costs for Different Purposes |
