B Found Test Notes

Submitted By mattyd794
Words: 740
Pages: 3
Open Document
B-Found Test Review
Goals, Strategies, Processes
Goals
Profit Maximization
Return on Investment
Return on Assets
Return on Sales
Increase market share
Increase Earnings per Share
Establish rep as High quality producer
Lowest Cost Provider
Longevity and preservation of the enterprise
European Firms strive to achieve social goals, to maintain a certain level of employment. They want the employees to have a voice in the company (employee council) and they also have a long vacation time
US firms want profit, only shareholders get a say.
Business Process: A series of activities that accomplish a business objective.
EX: for a university BP would be to get students registered for classes, it includes all the things that would make that happen.
Make schedule, Post in ISIS, Advise students, register student, Check preq, Bill
Involved in creating a Strategy: develop a long-range plan, align internal functions in support of the plan, and adjust based on opportunities.
Mission Statement: describes a business organization in terms of goods, market, services and client needs.
Marketing
Pricing Strategy: Price Skimming, introduce a product with high initial price and lowering the price over time
Penetration Pricing: Selling new products at low prices in the hope of achieving a large sales volume
Leader Pricing: Pricing products below the normal markup or below cost to attract customers to a store where they usually wouldn’t shop
Bundling: Grouping two or more related products together and pricing them as one
Odd-even pricing: Setting a price at an odd number so it looks like a bargain, Even to suggest quality
Prestige Pricing: Increasing the price of a product so that consumers will perceive it as being of higher quality.
Product Life Cycle: Introduction, Growth, Maturity, Decline
Personal Selling: Face to face presentation to a prospective customer, this allows you to give a detailed explanation and the message can be adjusted depending on the person.
Market Concept: guides how a firm interacts with its customers focus on what customers want,achieving long goals because of this.
Production Concept: Most efficient way to produce something
Engineering Concept: sell whatever engineers are able to come up with.
4 P’s: Product, Price, Promotion, Place
Marketing Intermediates: individuals and organizations that assist in moving goods and services.
EX: Agents, Brokers, industrial distributors, wholesalers & retailers
Production
Manufacturing Styles:
Mass Production
Customization
Mass Customization
Desired Production Formula: Estimated Sales+ ‘desired ending inventory- actual beginning inventory
Inventory Carrying Cost: Cost of warehouse, Labor of employees who manage inventory, labor costs of material handlers
Automation: The amount of Machines that replace man work
Human Resources
Fringe Benefits: Pay in forms of benefits or services
Health and Dental
Pension or 401K
Paid sick leave
Paid vacation days
On the job training:
Job Rotation: reassignment of different employees so they can learn the basis of different jobs
Apprenticeship: is a form of otj training that combines job instruction with classroom instruction
Mentoring: Where a senior manager provides job and career related information
Show More

Related Documents: B Found Test Notes

FIN 311 EXAM2 Essay

TIPS as investments in accounts of tax-paying entities. An inflation-adjusted principal must be calculated for a settlement date. The inflation-adjusted principal is defined in terms of an index ratio, which is the ratio of the reference CPI for the settlement date to the reference CPI for the issue date. II. Term Structure of Interest Rates: All of Chapter 5 1. Discuss the spread between Treasuries and other bonds and how they have been changing over the past four years—what causes these…

Words 3213 - Pages 13

Loewen Group Essay

qualitative analysis of the Loewen case study, starting from the excessive debt policy used in its expansion and ending with huge debt ratios and bankruptcy. The analysis includes the effect of the company’s policy and the financial distress it caused and results of such a financial condition. Method of Analysis: For the analysis we have used the historical financial data of the company, the history of the company and its financing policy, and the financial data of its competitors. Findings: The…

Words 2553 - Pages 11

Revenue and Biogen Essay examples

Company profile Biogen Idec Inc. (BIIB) is an US-based company that concerns itself with the discovery, development and manufacturing of therapies for the treatment of several diseases such as hemophilia, autoimmune disorders, multiple sclerosis and neurodegenerative diseases. The company was founded in 1985 and its headquarters are located in Cambridge Massachusetts. Biogen Idec Inc. was formerly known as IDEC Pharmaceuticals Corporation before changing its name in November 2003. Biogen finds…

Words 5823 - Pages 24

Walt Disney Financial Analyis Essay

Walt Disney Company (DIS) has a long and prestigious history in the entertainment business covering a period of greater than 75 years. The DIS objective is to be the world leader in production of entertainment using their diversified portfolio to differentiate its brands including Walt Disney Parks, ESPN, PIXAR, MARVEL, and ABC. The financial goals are to maximize cash flow, maximize earnings, and capital profits that will drive longer-term shareholder value (The Walt Disney Company, 2012). The…

Words 4489 - Pages 18

KazMunaiGas Exploration Production Company Analisys Essay

leaders start to think more carefully about the way of efficiently organizing financial activities of the company, improving the management of financial resources and differentiating company’s policies and performance for firm’s future prosperity. This term paper addresses such issues for KazMunaiGas Exploration Production Company by the analysis of firm’s structure, corporate governance, financial statement and all other important factors that determine a financial condition of the company. A. Objective…

Words 4849 - Pages 20

Chase's Strategy of Financing Hong Kong Disney Essay

1. Chase’s International Strategy and Objectives As the largest bank in the United States by assets and market capitalization, JPMorgan Chase is a major provider of financial services with assets of $2 trillion and according to Forbes magazine is the world’s largest public company based on a composite ranking. Being one of Disney’s top 10 relationship banks, Chase was the third largest bank in the United States with more than $400 billion of assets and $175 billion of loans in 1999…

Words 4728 - Pages 19

Bus Plan Essay

overview. What is the history of the company? What is the nature of its business? What is its legal form? (Type text here) 3. Product and Service. What are the major products of the company? What are the product strategy and service plan? What is the company’s R&D plan? (Type text here) 4. Marketing. What market segment will your company serve? What is the current market situation? Who are the customers? How do you plan to attract and retain customers? What is your pricing strategy? How will…

Words 2591 - Pages 11

Notes On Financial Management

we estimate the required rate of return on a project? Determined by the risk of the project Estimated by: If taking a project that does not affect firm’s risk, then use WACC If not, estimate cost of equity (unlevered) (unlevered = without the debt) 2. What are the differences between accounting earnings and cash flows? You shouldn’t use accounting earnings because can manipulate. Includes income statement, sales, COGS, profit. Cash flows = earnings before interest and taxes + depreciation…

Words 4722 - Pages 19

Managing Financial Resources and Decisions Essay

company raises financing other than using its own money. (See page 4). We are now going to go thru different options of finance for Mr T franchise. | | Task 1 1.1 Range of sources of finance for different…

Words 4727 - Pages 19

Financial Analysis - Sara Lee Corp Essay

streamline its organization. Several less profitable business segments and brands were divested. Although Sara Lee owns well-known brands such as Sara Lee, Hillshire Farms, and Jimmy Dean, its products are segmented, making it difficult to achieve pricing power. Sara Lee is also feeling the pressure of rising commodity costs and changes in consumer trends. Many industry analysts are skeptical as to whether the restructuring initiative and strategy shift will…

Words 4164 - Pages 17