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45 Cards in this Set
- Front
- Back
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MRP
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integrates planning data from marketing, productino engineering and finacne to produce a master plan
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Product Strategy
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research
new product development product life cycle product line and mix |
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price skimming
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introducing a product at a really high price
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price penetration
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introducing a product at a really low price
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distribution channels
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the path that the products follows from producer to consumer
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just in time inventory
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the frequent delivery of inventory of small quantities of material from suppliers in order to reduce inventory carrying cost and warehouse space
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economic order quantity
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mathematical formula for when to order goods
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perpetual inventroy
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continually updating a list of items in inventory
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physical inventory
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actual physical count of items in stock
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mass production
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maufacture of uniform products in great quantities
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norris laguardia act
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limited use of injuctions
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wagner act
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legalized collective bargaining
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taft hartley act
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specified unfair labor practices
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fair labors act
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minimum wage and work week
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landrum griffin
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reequired unions to file financial reports
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federal reserve
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provide sustainable economic growth and high levels of employement
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iso
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sets global technical standard
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fob shipping points
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the buyer pays transprotation to carrier, seperate from sellers charge
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free trade area
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members trade amongst themselves without restrictions
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monetary policy
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control of money supply, reserve requirements, and discount rate
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balance of trade
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all the goods and services sold between two countries
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capitalism
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profit is bottom line, market forces supply and demand, freedom of choice, competition , and right to own private property
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socialism
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state owns basic industries, profits only in private sector, government influences job, very high taxes
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communism
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state controls all industries, profit allowed in state sector, state picks job, government allocates all resources
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secured bonds
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backed by assets
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debentures bonds
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unsecured bonds and is backed by reputation
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convertible bonds
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can be converted into stocks
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callable bonds
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can be redeemed prior to maturity date
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sinking fund bonds
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annual deposits of funds to redeem at bonds maturity
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government bonds
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low and sage
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junk bonds
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high interest, high risk
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bond indenture
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details the term and conditions of agreement between issuer and investor
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common stock
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most popular, voting rights, capital gains
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preferred stock
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no voting rights, but prices are more stable
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production planning
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products
capacity location process facilities layout |
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GDP
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is the annual value of goods and services within a countries borders by both domestic and foreign
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fiscal policy
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government spending and taxes
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strategic planning
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where have we been?
where are we now? where do we wanna go |
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human resources
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in charged fo maintaining a competent, motivated, and satisfied workforce
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mentoring
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a mentor is an experienced person who takes a new employee under his/her wing
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the "where got, where gone" statement
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cash flow statement
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accounting process
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triggered by individual business transactions
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world bank
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provides low interest loans for specific projects
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imf
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lend money to countries with balance of payment issues
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banking system
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a network o financial institutions designed to facilitate the movement of money
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