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WorksheetsDevelop practices for managing physical assets
Total questions: 10
Worksheet time: 3mins
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
