Eng Mgmt revision

Front

What is defined as information goods?

Back

They are goods made of bits rather than physical materials

Front

Complementary goods can be defined as: An increase in price good A will result in movement along the DD curve of A but also shift DD curve of good B inwards.

Back

An increase in price good A will result in movement along the DD curve of A but also shift DD curve of good B inwards.

Front

Operation management concentrates on 5 important functions. They are: Capacity management, setting and maintaining standards, inventory management, scheduling and controlling operation

Back

Capacity management, setting and maintaining standards, inventory management, scheduling and controlling operation

Front

What type of supply chain structure is this? Options: Make to stock, Make to order, Engineer to order, Assemble to order

Back

Make to order

Front

There are 3 prominent methods in defining business models. They are...

Back

Customer needs analysis, Value proposition design, Business model generation.

Front

What are one the methods of assessing business models? Options: SWOT, SMART, PESTLE, Forter 5 forces

Back

SWOT

Front

...................is a framework to analyze macro-environmental factors of a business.

Back

PESTEL analysis

Front

What type of business ownership involves buying into the name and advertising of an existing business, with equipment supplied from the parent company?

Back

Franchise

Front

What source of funding involves an organization investing in exchange for equity, requiring repayments and demanding control of the company?

Back

Venture capitalist

Front

What are the elements in a business plan?

Back

Formal parts and summaries, Team members, Product or service, Market research and strategy, Operation plan, Financial analysis, Prospects and contingency plan