exam Flashcards
value chain
A BUSINESS MODEL for transforming a business idea to reality. helps with the efficiency of a business: providing max VALUE for smallest cost
VAT
a type of tax that is assessed increasingly. AKA service tax. determines the price of a product at each stage of whatever
ROI%
(return on investment)
= a PERFORMANCE MEASURE used to evaluate the efficiency of an investment OR used to compare different investments
profit/loss calculation
the SUM of ALL sources of income and SUBSTRACT expenses
balance sheet
a FINANCIAL STATEMENT of an organization. includes assets, liabilities, liabilities, equity… ASSETS on one side, LIABILITIES on other
assets = liabilities + equity
Stakeholder
a party that has an interest in a company. Can either Affect or Be Affected by the company. Eg, employees, investors, customers, suppliers
Intrapreneur
an employee who’s given the authority and support to create a new product without thinking of revenue
economy
the use of money within a particular region / country
market
business segments within an economy
business model canvas
a strategic MANAGEMENT TEMPLATE used for developing new business models
- visual chart
porter’s value chain
model which describes the full range of business activities needed to produce a service
cash flow
reports cash coming in and going out
income statement
same as proft / loss calculation
company financial accounting
a system where an organization monitors financial events so that it can report its activities to stakeholders
