Business - Quick Revision for 2moro - All help appreciated!!

shoutman

Study??? wrote:

And margin of safety in break even analysis is the minimum amount of units the sales can fall by before it hit bep.

What is Benchmarking?

What does CAD and R&SI stand for?

Benchmarking is where a company compares its production process and efficiency to that of world class business'.
It is good because i allows for competitive strategical goals to be set.

CAD is Computer Aided Design, this is where a firm uses computers to design their product before creating a prototype out of that model.

I have no ida what R&SI stants for

oh and formula for margin of safety is actual sales minus break even sales

DuFF-MAN

Johnerr wrote:

synergy

synergy is sort of like alliances/mergers.

Synergy is when two or more businesses decide to merge as they feel the merged company would be more efficient.


Q: Taking out insurance?

shoutman

DuFF-MAN wrote:

synergy is sort of like alliances/mergers.

Synergy is when two or more businesses decide to merge as they feel the merged company would be more efficient.

Thats theone duff man

synnergy.This is where two business' merge as they feel that the one bigger company will be more efficient then if they remained as seperate entitys. ie. 2+2=5

Study???

R&SI is Revenue and Social Insurance

Formula for Margin of Safety... Sales minus breakeven point

What is fiscal Policy?

shoutman

Study??? wrote:

What is fiscal Policy?

Fiscal policy is any conscious action taken by the government which changes the size, timing or magnitude of government income and expenditure. Ie Taxation and grants

Po-2

Just listened to the radio dont forget the laws