business quantification and implementation

Cards (32)

  • Law
    regulations or legal requirements can also impact your sales if your product or business structure is affected.
  • Events
    affect the national or global economy can sometimes have a positive impact on some businesses.
  • Season
    time of the year can also impact your sales.
  • Employees
    internal factors such as your employees also affect your sales forecast.
  • Ratio Analysis
    compares two (2) numbers from a company's financial statements to show their relationship. In accounting, standards ratios are used to evaluate the financial health of a company or organization.
  • Financial Health Ratio
    a financial metric that determines the company's capacity to pay its short-term and long-term obligations as they become due.
  • Stockholder's Ratio
    show the firm's long term financial stability.
  • Total Equity/Total Assets
    Stockholder's Ratio =
  • Cost per unit × Desired Markup
    Markup =
  • Cost per unit × Markup Price
    Selling Price =
  • Current Ratio
    show's a company's ability yo pay short-term bills and debts. A higher current ratio indicates better solvency and liquidity.
  • Current Assets/Current Liabilities
    Current Ratio =
  • Quick Ratio
    measures a company's short-term liquidity and ability to meed obligations with liquid assets. A ratio below one (1) doesn't imply bankruptcy but could depend on inventory or other assets. A higher ratio indicates better liquidity, but too high may mean excessive cash reserves. It may also mean that the company has a high accounts receivable, indicating that it may be having problems collecting it's account receivables. Other term of Quick Ratio is Acid-Test Ratio.
  • Quick Assets/Current Liabilities
    Quick Ratio =
  • Inbound logistics
    raw materials handling and warehousing.
  • Operations
    machining, assembling, and testing.
  • Outbound logistics
    warehousing, and distribution of finished products.
  • Marketing and sales
    advertising, promotion, and pricing channel relations.
  • Service
    installation, repair, and parts.
  • Primary Activities
    Inbound logistics, Operations, Outbound logistics, Marketing and sales, Service.
  • Firm infrastructure
    general management, accounting, finance, and strategic planning.
  • Human resource management
    recruiting, training, and development.
  • Technology development
    research and development and product or process improvement.
  • Procurement
    purchasing raw materials, machines, and supplies.
  • Secondary Activities
    Firm infrastructure, Human resource management, Technology development, Procurement.
  • Recruiting
    process of finding and attracting potential resources for filling up vacant position in an organization. It sources candidates with the abilities and attitudes required for achieving the organization's objectives.
  • Routing
    when people are hired, their potential must be assessed regarding their ability to contribute to the organizations in various functions and responsibilities several years later. The more versatile a recruit is, the more opportunity the person has to assume multiple organizational roles.
  • Retaining
    holding on to people, provided that a company wants to keep them in the first place. It may involve giving just wages, that could satisfy the minimum basic needs of employees. Beyond the minimum basic needs, people in the workplace also aspire to work-life balance.
  • Reviewing
    measuring and evaluating their performance with the organizational goals in mind. Employees' potential can be measured through existing job requirements or prospective job promotions in this function.
  • Rewarding
    compensating, giving incentives, and recognizing employees for their work, loyalty, and accomplishment, which can be monetary or non monetary.
  • Retooling
    re-orienting employees to the new directions of the enterprise such as giving updates about the performance of an organization in a quarter or a year. This includes changing attitudes and behavior that do not help the organization's progress, creating a healthier corporate culture, and adopting more responsive approaches to superb customer service.
  • Recycling
    allows employees to change jobs or even careers. Sometimes, people get bored with what they do daily or land a job unsuitable for their personality, competency, and temperament. It allows workers to reinvent themselves to choose whether to seek job alternatives inside or outside the organization.