words to tuon

68問 • 2年前

問題一覧

Is a complete process of obtaining goods and services from preparation and processing of a requisition to receipt and approval of the invoice for payment

Sourcing

Are intangible products that are not goods (tangible products), such as accounting, banking, cleaning, consultancy, education, insurance, know how, medical treatment, transportation

Services

Is a comparatively large stock of essential goods or materials, build up to withstand long holdups or scarcity due to natural calamities, strikes, or war

Stockpile

Is an itemized catalog or list of tangible goods or property, or the intangible attributes or qualities

Inventory

Products like fruits and vegetables are called

Grown products

Products like bags, clothes, shoes are called

Manufactured products

Products like foods, cans are called

Processed products

The product is _____ when it lasts 3 years or longer

Durable

The product is _____ if it lasts less than 3 years

Non-durable

Types of manufactured products

Durable, Non-durable

Ia an approach or strategy that checks and balance resources needed in the continuous operation of the business

Control

Are stocks of goods and materials available for production or manufacturing

Inventories

Refers to the step by step manner of operation making product from raw materials into finished outputs

Process

Are the inventory itself in various forms

Stocks

Stock control is also known as ______

Inventory control

It is used to show how much stock you have at any one time

Stock control

A ________ on daily, weekly, monthly, quarterly, and yearly basis would help to feed information as basis of parallel consumption of the materials

Production chart

The use of __________ is a good strategy to control records of stocks of goods and materials

Stock card

3 types of inventories

Raw-materials inventory (rmi), Work-in-process inventory (wipi), Finished-goods inventory

These are stockpile of materials for inputs of production

Raw-materials inventory (rmi)

These are partially completed products requiring further processing including sets of unfinished goods for production process

Work-in-process inventory (wipi)

These are the final outputs of production ready for delivery to the market or customers

Finished-goods inventory

Stock card for itemized inventory record per item or individual

Stock card 1

Stock card for collective inventory record of all the files of stock card

Stock card 2

A payment of interest for the duration of the loan

Capital cost

Represents form of payment

Cost

A payment and expenditure made for the production or service that becomes part of the product like acquisition of raw materials and salaries/wages of the workers

Direct cost

Sum of other expenses or cost generated from the business

Indirect cost

Also known as overhead expenses

Indirect cost

All materials needed both for direct manufacturing and those needed for the functioning of the business

Material cost

Process of making or manufacturing goods

Production

Are salaries or wages plus additional costs as payment or incentive on overtime works, social security, annual, and sick leaves of workers

Staff cost

Total revenue

Total cost

Total revenue represents?

Income

Total cost represents?

Expenses

Two types of costs

Direct cost, Indirect cost

The _____ refers to the item which becomes part of the products or services comparing material cost, wages, and benefits

Direct cost

The _______ are referring to those items needed in running a business and better known as overhead expenses

Indirect cost

These are expenses on building, machines, maintenance, salaries, office costs, selling cost, and financial cost

Indirect cost

Represents the difference between what is paid for the merchandise and its end price to the clients

Mark-up

Refers to an outline or model of one thing

Pattern

Indicates value of a commodity or service in the form of money

Price

Result of the input and process in the form of money

Productive

Is a type of business that has no product but purely services

Services

Is an approach or method used in business

Strategy

Is a part of the pricing system wherein the government becomes alert against those who are abusing and making unreasonable prices

Pricing strategy

Pricing strategies

Value-based pricing, Posting, Value pack, Cost-plus-pricing method, High price approach, Penetration market, Free tasting, Result pay scheme

Price increases when there are evident results (customers are willing to pay)

Value-based pricing

Php 9.95 instead of Php 10.00

Posting

Mixture of clustered products with varied prices in one pack or bag

Value pack

Setting up price targeting specific profit

Cost-plus-pricing method

Aiming to set quality and status, also called as prestige strategy (limited edition goods)

High price approach

Is common to the new entrepreneurs, doing it in order to establish market and build up more customers

Penetration market

Sampling approach

Free tasting

Trial method of products

Result pay scheme

______ analysis is used as an instrument or tool to solve managerial problems helpful among business leaders and economists

Break-even

Pricing scheme

Percentage allocation approach (paa), Average mark-up approach (ama)

UCP

Unit cost of product

VCP

Volume cost of product

Unit price

Volume price

VTP

Volume target profit

TPP

Target profit in percent

Target profit

Operating expenses

UP formula (1)

UCP + TPP

VP formula

UCP + VTP × Quantity

Constellations

tokkijijii · 88問 · 2年前

Constellations