B.E. 4.02 Vocab

Front

What word best describes: A business’s net income; the decisive point

Back

Bottom Line

Front

What word best describes: The money it takes to keep inventory in stock

Back

Holding Cost

Front

What word best describes: any resources used to create goods and services?

Back

Inputs

Front

What word best describes: All the stock that a business has on hand

Back

Inventory

Front

What word best describes: Tracking the amount, the kind, and the value of inventory that a business has on hand

Back

Inventory Control

Front

What word best describes: Refers to managing the flow of goods and services from production to consumption

Back

Logistics

Front

What word best describes: The day-to-day activities for continued business functioning

Back

Operations

Front

What word best describes: In the operations function, goods, or services

Back

outputs

Front

what word best describes: The buying of goods and services for a business

Back

purchasing

Front

what word best describes: Ensuring the degree of excellence of a good or service

Back

quality control