Unknown

• core competancies


  refer to a business' ability to combine its skills, knowledge, and processes to provide it with an advantage over competitors, known as competitive advantage.
• scientific decision making


  Decision trees

  Investment appraisal

  Sales forecasting

  Sensitivity analysis

  Network analysis
• confidence interval


  gives thepercentage probabilitythat an estimated range of possible values in fact includes the actual value being estimated
• Carols CSR Pyramid


  economic, legal, ethical, philanthropic

  
• income elasticity of demand

  necessity = 0-1

  luxury = 1+
• penetration pricing


  setting a low initial price on a new product to appeal immediately to the mass market
• price skimming


  Charging the highest possible price that buyers who most desire the product will pay
• Sources of finance (internal)

  Personal funds, retained profit, sale of assets
• Sources of finance (external)

  -Overdraft

  -Bank loans

  -Mortgages

  -Venture capital

  -Shareholder's share capital

  -Debt factoring
• non financial motivation


  delegation, job rotation/enrichment, empowerment
• Financial motivation


  promotion, commission, bonuses, benefits
• experience curve


  the decline in unit costs of production as cumulative output increases
• organisational culture


  The values, attitudes and beliefs of the people working in an organisation
• fiscal policy


  A government policy for dealing with the budget (especially with taxation and borrowing)
• monetary policy


  managing the economy by altering the supply of money and interest rates