Term
|
Definition
| not knowing how the market will respond |
|
|
Term
|
Definition
| damages associated with a bad outcome |
|
|
Term
| Managers rely on these 4 things when dealing with uncertainty and risk |
|
Definition
1. planning
2. organizing
3. operating
4. controlling |
|
|
Term
|
Definition
| liabilities + owner equities |
|
|
Term
|
Definition
|
|
Term
|
Definition
| split customers into groups based on behavior |
|
|
Term
|
Definition
| Multiply the score by the percentage of how important the aspect is and add up all 4 numbers |
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
| loans or debt contracts you pay back within the year |
|
|
Term
|
Definition
|
|
Term
|
Definition
| costs that vary with the level of activity |
|
|
Term
|
Definition
| portion of oweners profit that is reinvested into the company |
|
|
Term
|
Definition
| fixed costs over a period of time |
|
|
Term
| EBIT (Earnings Before Interest or Taxes) AKA --> Net margin = |
|
Definition
|
|
Term
|
Definition
| Price (per unit) * units sold |
|
|
Term
|
Definition
| Total Revenue - Total Variable Costs |
|
|
Term
|
Definition
| Total Revenue - (Variable Costs + Depreciation) |
|
|
Term
| how do you find Actual Market share for the next year? |
|
Definition
1. Actual Sales * Market growth
2. #1 * actual market share in current year
3. Do this for low + high tech projections and add them together for the answer |
|
|
Term
|
Definition
|
|
Term
|
Definition
| people who got a sales call |
|
|
Term
|
Definition
| number of things made in 1 regular hours shift (size of factory) |
|
|
Term
|
Definition
|
|
Term
| How much should you produce? |
|
Definition
| Get your estimates based on the actual & potential market shares and the December CSS. Divide the best guess by 11 and multiply by 12 |
|
|
Term
|
Definition
|
|
Term
|
Definition
| for every level of automation, the COGS goes down $1.12 |
|
|
Term
|
Definition
| value of one stock share at the end of the day |
|
|
Term
|
Definition
| change in stock price from the beginning to the end |
|
|
Term
|
Definition
|
|
Term
|
Definition
| amount of outstanding stock |
|
|
Term
|
Definition
|
|
Term
|
Definition
|
|
Term
|
Definition
| number of things made in 1 regular hours shift (size of factory) |
|
|
Term
|
Definition
|
|
Term
| How much should you produce? |
|
Definition
| Get your estimates based on the actual & potential market shares and the December CSS. Divide the best guess by 11 and multiply by 12 |
|
|
Term
|
Definition
|
|
Term
|
Definition
| for every level of automation, the COGS goes down $1.12 |
|
|
Term
|
Definition
| value of one stock share at the end of the day |
|
|
Term
|
Definition
| change in stock price from the beginning to the end |
|
|
Term
|
Definition
|
|
Term
|
Definition
| amount of outstanding stock |
|
|
Term
|
Definition
|
|
