Podcast
Questions and Answers
What is the term for the measure of efficiency, usually calculated as output per person per time period?
What is the term for the measure of efficiency, usually calculated as output per person per time period?
- Productivity (correct)
- Product range
- Product differentiation
- Product knowledge
What is the theory that describes the four stages that every product goes through?
What is the theory that describes the four stages that every product goes through?
- Product knowledge
- Product range
- Product differentiation
- Product life cycle (correct)
What is the term for the percentage of profit from the selling price of one unit or total sales revenue?
What is the term for the percentage of profit from the selling price of one unit or total sales revenue?
- Profit
- Product differentiation
- Profit margin (correct)
- Product life cycle
What is the term for the variety of products offered by a company in terms of type, size, color, and brand?
What is the term for the variety of products offered by a company in terms of type, size, color, and brand?
What is the difference between revenue and total costs?
What is the difference between revenue and total costs?
What is the term for when cash outflows exceed cash inflows?
What is the term for when cash outflows exceed cash inflows?
What is the primary purpose of an organisation chart?
What is the primary purpose of an organisation chart?
What is the term for the percentage of net profit to sales revenue?
What is the term for the percentage of net profit to sales revenue?
What is the purpose of performance reviews?
What is the purpose of performance reviews?
What is the term for a product or service with declining sales?
What is the term for a product or service with declining sales?
What is the term for an agreed maximum level of short-term borrowing?
What is the term for an agreed maximum level of short-term borrowing?
What type of agreement guarantees an employee's job security in the long-term?
What type of agreement guarantees an employee's job security in the long-term?
What is the purpose of a person specification?
What is the purpose of a person specification?
What type of data visualization is used to show proportions of a total?
What type of data visualization is used to show proportions of a total?
What is the process of getting a product to the consumer, including selling to retailers and displaying products prominently?
What is the process of getting a product to the consumer, including selling to retailers and displaying products prominently?
What type of service is provided to customers after a purchase is completed?
What type of service is provided to customers after a purchase is completed?
What type of company is characterized by limited liability for its shareholders?
What type of company is characterized by limited liability for its shareholders?
