Business THEME 3

• Quantitative sales forecasting = mathematical data to predict future sales based on historical data
• Investment appraisal = analysing a business investment to see whether its worthwhile or not
• Critical path analysis = planning and controlling businesses and make decisions on the management
• Financial statements - Assets = Liabilities + Equity
• Ratio Analysis = A method of comparing the financial performance of two or more companies.
• Human Resources = labour productivity, labour turnover, labour retention, absenteeism
• Key factors of change = culture, size, pace of change, resistance to change