Flashcards - CSET Business - Functions in a Business

Flashcards - CSET Business - Functions in a Business
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operations management
Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services
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quantitative
In natural sciences and social sciences, quantitative research is the systematic empirical investigation of observable phenomena via statistical, mathematical or computational techniques
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assets
In financial accounting, an asset is an economic resource
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Marketing
Marketing is the study and management of exchange relationships
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8 cards in set
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Marketing
Marketing is the study and management of exchange relationships
assets
In financial accounting, an asset is an economic resource
quantitative
In natural sciences and social sciences, quantitative research is the systematic empirical investigation of observable phenomena via statistical, mathematical or computational techniques
operations management
Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services
competitor product analysis
Competitor analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors
financial ratio analysis
A financial ratio or accounting ratio is a relative magnitude of two selected numerical values taken from an enterprise's financial statements
profit and loss statement
An income statement or profit and loss account is one of the financial statements of a company and shows the company’s revenues and expenses during a particular period
Capital requirements
Capital requirement is the amount of capital a bank or other financial institution has to hold as required by its financial regulator

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