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Flashcards in WOB Final PowerPoints Deck (55):
1

Accounts Receivable Turnover Ratio Definition

Amount of time to make accounts receivable into cash

2

What is an example of Intensive Distribution Strategy?

Coca Cola

3

Exclusive Distribution Strategy

One or very few outlets in geographic area

4

Public Corporation

Company where stock is sold to anyone who could buy it

5

1 Advantage of Corporation

Limited Liability

6

Sales Promotion

Short term loss to trigger action

7

Corporate Social Responsibility

When a business cares about society more than money

8

Dividends must be payed in ------- or -----.

Cash or stock

9

Which 2 letters of SWOT are internal?

Strength and Weakness

10

Selective Distribution Strategy

Limited number of outlets

11

Advertising

Paid form of non personal communication

12

Penetration Pricing

New products at low price to achieve high sale volume

13

Which 2 letters of SWOT are external?

Opportunity
Threat

14

Fixed Order Interval Model

When inventory falls below certain level an order is placed to replenish it

15

Skimming Pricing

New product at a high price, lower price over time

16

Balance Sheet equation

Assets = Liabilities + owners equity

17

Liquidity Ratio definition

Measures firms ability to pay short term obligations

18

Inventory Turnover Ratio

How long it takes company to change inventory into sales

19

What 4 things does Equity Financing include?

-voting rights
-dividends
-dividends are non tax deductible
- permanent capital

20

Name 5 reasons why people start their own company

More control over future
Tired of working for someone else
New product idea
Business goals important on a personal level
Unable to find employement

21

What is an example of Sales Promotion?

Coupon samples and contests

22

What is the fundamental accounting equation

Assets = Liabilities + owners equity

23

What is an example of corporate social responsibility?

Donating to charity

24

What is not reported on a income statement?

Balance Sheet

25

Sole Proprietorship

Unlimited financial liability owned by one person

26

Competition based Pricing

Price based on competitors

27

Wholesaler

Person who sells product to others for resale

28

Transparency

Degree to which information flows freely within an organization

29

Ethics

Rules that govern conduct of a person

30

Retailers

Sells goods to others for personal use

31

Product mix

All the products the company offers

32

Which 2 letters of SWOT are negative ?

Weakness
Threat

33

Working Capital equation

Current assets - current liabilities

34

What 4 things does Debt Financing include?

No voting rights
Coupon interest
Fixed life / maturity
Interest is tax deductible

35

What is an example of odd even Pricing?

$19.95

36

Dividends

Payments to stockholders from after tax profits

37

Odd even Pricing

Price at odd number, consumers think price is lower

38

Statement of Cashflow

Summary of money coming in and going out

39

Current Ratio

Current assets
-----------------
Current Liabilities

40

What are the 2 criterias for choosing a brand name?

Unique
Relates to business

41

Debt to assets Ratio definition

Firms ability to carry long term debt

42

Personal Selling

Face to face communication with customer

43

Income Statement Equation

Revenues- Expenses = Net Income

44

What is an example of Selective Distribution Strategy?

iPhone

45

Which 2 letters of SWOT are positive?

Strength and Opportunity

46

What is an example of Exclusive Distribution Strategy?

Rolex watch

47

Debt to equity Ratio

Amount of debt to amount of equity

48

Corporation

A Legal entity

49

Intensive Distribution Strategy

As many retail outlets as possible

50

Lost horse forecast method

Starts with last known value and assess positive and negative impact

51

2 Disadvantages of Partnership

Unlimited Liabilities
Potential for Conflict

52

Demand oriented Pricing

Price based on consumer demand

53

Quick Ratio Definition

Measure of firms short term equity

54

Public Relations aka publicity

Information in news not directly paid for by company

55

4 key concepts of Common stock

-No obligation to provide return
-Highest Risk and Highest Return
- non tax deductible
-last to claim assets in bankruptcy

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