MGT 3111 Chapter 6: MGT 3111 chapter 6
Document Summary
Assumptions sheet a(cid:374) e(cid:454)pla(cid:374)atio(cid:374) i(cid:374) a fe(cid:449) fir(cid:373)"s (cid:271)usi(cid:374)ess pla(cid:374) of the sour(cid:272)es of the numbers for its financial forecast and the assumptions used to generate them. Board of advisors a pa(cid:374)el of e(cid:454)perts asked (cid:271)(cid:455) a fir(cid:373)"s (cid:373)a(cid:374)age(cid:373)e(cid:374)t to pro(cid:448)ide (cid:272)ou(cid:374)sel and advice on an ongoing basis. Board of directors a pa(cid:374)el of i(cid:374)di(cid:448)iduals (cid:449)ho are ele(cid:272)ted (cid:271)(cid:455) a (cid:272)orporatio(cid:374)"s shareholders to oversee the management of the firm. Business plan a written document describing all the aspects of a business venture, which is usually necessary to raise money and attract high quality business partners. Competitor analysis a detailed e(cid:448)aluatio(cid:374) of a fir(cid:373)"s dire(cid:272)t, i(cid:374)dire(cid:272)t a(cid:374)d future competitors. Contribution margin the amount per unit of sale that is left over and available to (cid:862)(cid:272)o(cid:374)tri(cid:271)ute(cid:863) to (cid:272)o(cid:448)eri(cid:374)g the fir(cid:373)"s fi(cid:454)ed (cid:272)osts a(cid:374)d produ(cid:272)i(cid:374)g a profit. Costs of goods sold the (cid:373)aterials a(cid:374)d dire(cid:272)t la(cid:271)or (cid:374)eeded to produ(cid:272)e fir(cid:373)"s re(cid:448)e(cid:374)ue.
