Business,commercial And Financial Awareness Flashcards
(4 cards)
1
Q
What’s a stakeholder
A
Someone who has an interest in a company and is impacted by its successes and failures
2
Q
What dose TIMWOODS stand for
A
Transport
Inventory
Motion
Waiting
Over-processing
Over-production
Defects
Skills
3
Q
What’s a force majeure clause
A
Designed to protect parties from the consequences of circumstances that are truly beyond their influence and control
4
Q
What are the 6s
A
Sort
Set in order
Shine
Standardise
Sustain
Safety
