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Business 101 terms

Business 101 terms - Capacity Utilization – Measures the...

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Introduction to Business: Business Terms #1 Definition NAME___Michael Maieli___SECTION___BUS101-HN3____TEAM #_____ Look up the meaning (using any source) for each of the following common business terms. Once you have looked up the meaning of each term, you are to provide a definition (using your own words) of your understanding of the meaning of each term. Be sure to use no more than three (3) sentences to define each term: Cash Flow – The amount of cash a company generates within a certain period of time. The cash in and cash going out of a company. The revenue and expenditures of a company Inventory Turns – How many times a company’s inventory has been sold in a period of time. Calculated by the cost of goods sold divided by the average level of inventory Market Share – A Company’s sales compared to the rest of the market. Cycle Time – Time between a point in one cycle, and the same point in a different cycle
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Unformatted text preview: Capacity Utilization – Measures the percent of industrial output which is currently being used. Corporate Culture – beliefs of employees of the company that they work for. Return on Equity (ROE) – The profit of a company after taxes are taken out Return on Investment (ROI) – The profit you get compared to how much you invest. Total Quality Management – When a company strives for high quality products along with customer satisfaction Earnings per share (EPS) – Profit of the financial year divided by the number of shares Mission Statement (Corporate) – The purpose of the organization and the goal of the corporation Lead Time (production)- the time it takes for the customer to receive a good after it is paid for. Core Competencies – the select capabilities of a company. Stakeholders – People who are affected by a company....
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