The process of achieving goals by establishing operating procedures is called __.

If you are consistently out of certain items for sale, you risk losing customer satisfaction, as well as possibly loyalty. 

What is an example of an external factor when considering expanding your business? 

What is an example of an internal factor when considering expanding your business?

What are some factors to consider when developing a new product?

A cash budget is a report that shows the actual numbers of your cash flows.

This type of management style is the most common and preferred approach in any business.

Using the ___ management style is useful when training new employees, instilling a sense of fear in abiding company expectations and taking their roles seriously 

A(n) __ is a full-scale model of a new product.

The rate at which the inventory of a product is sold and replaced with new inventory is called the ___

This type of business planning is setting broad, long-range objectives to achieve a business’s long-term goals, such as creating pro forma financial statements. 

When business standards are NOT being met, what powers does a manager have? 

When creating a safety policy for your business, you should include guidelines that create a safe environment for both your employees AND the public. 

____ is the goods a business has available for sale.

A purchasing plan determines: 

The periodic inventory method keeps track of inventory levels on a daily basis.

The person responsible for all business operations is called a(n) ____.

In the planning aspect of management, what are some ways you can assess what needs to be done in order to move the business in the right direction?

Once you make plans when running a business, they are final, and no revisions are necessary.