Fuck This Shit 1 Flashcards
International operations. - languages and culture, time differences
Geography
Industrial, commercial and some are consumer
Products
Internet, truck, retail store or wholesale
Distribution channels
End User (b-c) commercial (B -B) institutional or domestic
Customer
Accounting, Human Resources, purchasing, etc.
Business functions/charateristic
Control costs-maintenance, manufacturing, human resources
Cost Center
Maximize revenue - sales force
Revenue Center
Maximize revenue while controlling costs - store
Profit center
Using cash to fund future revenue or operations
Investment center
Return of investment
Sales margin
Capital turnover
Residual income
Investment Center
Directly involved with achieving the basic objectives of the organization
Line position
Indirectly involved and support the line functions
Staff positions
Summary performance metrics that allow managers to assess how well the company’s objectives are being met
Key performance indicators (KPIs)
The time taken in processing a product or providing a service that is justifiable to the customer as a cost component.
Value added time
The time spent while processing a product or providing a service that is perceived as not being a valid cost component.
Non-value added time
