3.4 Decision making to improve operational performance. Flashcards Preview

Busines aqa a level > 3.4 Decision making to improve operational performance. > Flashcards

Flashcards in 3.4 Decision making to improve operational performance. Deck (5)
Loading flashcards...
1

Define operational objectives& name 3?

Operational objectives are targets set for production.

Quality
Costs
Flexibility
Efficiency
Innovation
Environment
Speed of response
Dependability

2

What is added value?

ADDED VALUE=SALES REVENUE-COST OF BOUGHT IN GOODS OR SERVICES

3

Name 3 Internal influences on operational objectives?

Nature of product
Availability of resources
Other departments
Overall objectives

4

Name 3 external influences of operational objectives?

Competitors performance
Market conditions
Demand for product
Changing customer needs
New technology

5

5 common methods of production

Job production-