Develop practices for managing physical assets

What are the two missions that explained in business development strategy?

• Service Mission

• Customer loyalty mission

• Consumer satisfaction mission

• Economic mission

Select the elements of service mission.

• The essence of your products and profile

• The customer profile you have and you want

• The target market you reached

• The ways in which you provide your service

Select correct elements of Economic Mission

• How you will find the assets you'll need

• Means of financing to acquire assets

• Your anticipated profit and cash profile

• The returned level of financial position or ROI

Select the elements of business development process.

• Mission

• Branding

• Vision

• Strategy

• Goals and objectives

Choose the correct questions considered in physical asset purchasing.

• Where do you want to be in five years?

• Do any opportunistic gaps exist in market place?

• What cross subsidies exist as policies?

• What asset associations could you profitably make ?

• What market segments do you want or want not?

Select the steps in development strategy

• Assess what opportunities you have in market place

• Look forward for new market opportunities

• Analyze trends, level of consumerism, social change and economy

• Fully focused on your business with 100% commitment

• Review asset performance and understand risks

What is incorrect decision making consideration in asset purchasing?

• Why do we need the asset ?

• Would it depreciate faster than expected?

• How long will it take to get our money back ?

• How will we pay for the asset?

• Are there any non financial reasons for wanting the asset?

Why are physical assets acquired?

• To achieve long term strategic business objectives

• Higher operational productivity and efficiency

• To make employees happy and motivated

• To control the assets and ensure their maintenance and reliability

• To enrich business image and status

Select the elements of physical asset life cycle?

• Planning

• Ordering

• Acquiring

• Operations and maintenance

• Disposal

ROI means...

• Time period to get money back on potential investment

• Total cost of investment

• Interest paid for the loan that had been taken to purchase the asset