Industry and Environmental Analysis: Flashcards
A large-scale business
operation and may experiment
in farming, processing and
manufacturing and or the
packaging and distribution of
products.
agribusiness
Process of converting raw materials, components, or parts into finished goods that meet a customer’s expectation or specification
manufacturing
The process of selling consumer goods or services to customers through
multiple channels of distribution to earn profit.
retail and services
Is the exchange of capital, goods, and services across international borders
or territories, which could involve the activities of the government and
individual.
international trade
The careful study of various factors influencing the business.
The process by which organization monitor their relevant environment to identify opportunities
and threats affecting the business.
environment analysis
It means to understand the various environment factors which affect the business and to identify published or unpublished sources of information which affects business.
monitoring
-Even when the sources required information exists. These may not be readily available.
searching and scanning
Estimation of direction and intensity of change in
environment factors.
forecasting
Answer to the key issue
presented by the environment and their impact on business.
evaluation and assessment
is based on opinion and views of top executives
executive opinion method
Business forecast is based on the opinion of outside experts,
expert opinion method
Used to consolidate the different expert opinions so
as to reach a common estimate.
delphi method
Forecasting is based on
certain indicators affecting business unit.
economic indicator analysis method
Past events will have their impact on future.
past project method
Are more scientific and estimates made through
these methods are more reliable.
statistics method
Is a popular method of forecasting when it is
possible to make precise forecast of future.
scenario development method
Used to generate new, innovative and unique ideas and forecast.
brainstorming
what are the internal factors?
price, place, promotion, and product
refers to the agricultural products and services industry involved in growing, processing, and distributing food.
agribusiness
What are the 4 F’s?
food
fiber
forest
fuel
What are the sectors of agribusiness?
agricultural input sector
agricultural production sector
manufacturing sector
This type of manufacturing is
commonly referred to as 3D
printing.
additive manufacturing
This method involves new
forms of technology to
improve the production
process.
advanced manufacturing
manufacturing industry.
Companies will enter into
partnerships and business
relationships with other firms
to outsource certain
manufacturing processes.
contract manufacturing
is aptly named because
each product manufactured can be specifically
identified.
discrete manufacturing
This is often the case
for goods manufactured using batch process before
these standardized goods are converted to more
specific individual package.
mixed mode manufacturing
entails manufacturing a product based on a specific standard that uses a recipe or
formula
process manufacturing
This process is most often
used when there is a batch to process yet the batch is
different than a company’s normal product.
job shop manufacturing
A potential subset of
other manufacturing processes, repetitive manufacturing often breaks long manufacturing
processes into smaller parts.
repetitive manufacturing
involves selling goods directly to customers through physical/online stores and
providing them with a variety of products needed to
consume in daily life.
retail industry
“retail is selling goods in units to sustain consumers’ needs”
Kotler
Products sold by retailers include apparel, jewelry, housewares, small appliances,
electronics, groceries, and
pharmaceutical products.
product retail
Sells motorbike shop, salons, restaurant
service retail
retailing without using physical
stores (ex. vending machine, direct selling,
e-marketing)
non-store retailing
refer to intangible offerings
provided to meet specific needs or requirements.
service industry
what are the kinds of trading?
export trade
import trade
entrepot trade
when goods manufactured in a specific country are purchased by the residents of another
country.
export trade
where goods or services are brought into one country from another, where they were
originally manufactured or created.
import trade
where goods are imported into a country and then re-exported out, without being distributed
within the importing country.
entrepot trade
It is a process to identify all the
external and internal elements, which can affect
the organization’s performance.
environmental analysis
what are the TOOLS USED IN ENVIRONMENTAL ANALYSIS?
pest analysis
swot analysis
porter’s five forces
