BUSI 2201 Study Guide - Midterm Guide: Farad, Behaviorism, Break Even
3 Feb 2015
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Planning- se7ng goals and objec4ves and how to achieve them. Direc+ng- overseeing companys func4ons) E- commerce (needed to survive in global economy) Supply- chain management (exchange of info with suppliers) Lean produc4on (manufacturing without waste) Total quality management (superior products and services) Provide a service only. Resell products purchased from suppliers. Use labour and other inputs to convert raw materials into nished products. 3 inventory accounts (raw materials, work in progress, finished goods) Ac4vi4es that add value to products and services and cost money. Anything for which managers want a seperate measurement of cost.
