Question | Answer |
Google wants to ‘organise the world’s information and make it accessible & useful.’ This is a… | mission statement
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What is the formula for Capacity Utilisation? | Current Output dived by Maximum output times 100
| What is the formula for Total Contribution | Contribution per unit times number of units sold
| What does PESTLE stand for? | Political Economical Social Technological Legal and Environmental
| Formula for Market Capitalisation? | Number of shares issued times current share price
| Formula for Break Even output? | Fixed costs divided by contribution per unit
| The Japanese term is an approach of constantly introducing small incremental changes in a business in order to improve quality and/or efficiency. | Kaizen
| This stock management system refers to ensuring that inputs into the production process only arrive when they are needed for production. | Just in Time
| The time an order takes to arrive from the re order level is known as the... | Lead time
| This motivational theorist involved hygiene and motivational factors. | Herzberg
| Formula for Operating Profit is? | Gross Profit minus Operating Expenses
| Formula for Profit for the year margin? | Profit for the year divided by sales revenue times 100
| The difference between an actual and a budgeted figure. | Variance
| If a bakery that sells bread has fixed costs of £20,000 an average selling price for each Loaf of £2 and the average variable cost per loaf of 0.65p, how many loafs are needed to break even? | 14815 loafs
| The new machinery will allow the business to produce 300 000 units a week. The total cost of production will be £660 000 per week. What is the Unit cost? | £2.20 |