A director ... / .../... e.g. the finance departement or he .../ .../... the departement.
in charge of
head of
is responsible for
heads
runs
leads
head of
is responsible for
heads
runs
leads
Name different departements and who is the leader?
head of departement is the leader
financial dep.
R&D dep.
marketing dep. (sales, PR, advertising)
production dep.
financial dep.
R&D dep.
marketing dep. (sales, PR, advertising)
production dep.
Name three dis(advantages) of sole trader.
+ simple & inexpensive to set up
+ you are self-employed
+ easy to get a loan (unlimited liability)
- have to rely on your on knowledge
- can loose your private property (unlimited liability)
- difficult to take time off for holidays or if you´re sick
+ you are self-employed
+ easy to get a loan (unlimited liability)
- have to rely on your on knowledge
- can loose your private property (unlimited liability)
- difficult to take time off for holidays or if you´re sick
Name three dis(advantages) of partnership.
+ pool their know-how (solve problems)
+ share costs for rent, staff,..
+ easier to take time off
- disputes can lead to splitting up the firm
- liable for ALL debts
- partner can spoil your reputation
+ share costs for rent, staff,..
+ easier to take time off
- disputes can lead to splitting up the firm
- liable for ALL debts
- partner can spoil your reputation
Name three dis(advantages) of Ltd.
+ limited liability
+ people are not personally responsible ( legal entity when sued)
+ company cannot be taken over by buying a all the shares (permission of all shareholders)
- expensive and complicated to set up
- minimun of two people (not self-employed)
- difficult to get a loan (limited liability)
+ people are not personally responsible ( legal entity when sued)
+ company cannot be taken over by buying a all the shares (permission of all shareholders)
- expensive and complicated to set up
- minimun of two people (not self-employed)
- difficult to get a loan (limited liability)
What are the aims of a production departement?
produce a specific product, on time, at a minimun cost
quality and product reliability
producing the maximum possible volume of output
> fully utilizing the plant and work force
> reducing lead time
generating the maximum Return on assets
flexibility for product- and volume changes
quality and product reliability
producing the maximum possible volume of output
> fully utilizing the plant and work force
> reducing lead time
generating the maximum Return on assets
flexibility for product- and volume changes
What are the advantages of JIT?
faster lead time > more time for maintenance an training courses
> higher qualification of employees > higher product quality
closer cooperation to fewer suppliers
no overproduction> inventory waste is eliminated
> quicker reaction to demand
> calculation is more precise > cost reduction
> higher qualification of employees > higher product quality
closer cooperation to fewer suppliers
no overproduction> inventory waste is eliminated
> quicker reaction to demand
> calculation is more precise > cost reduction
What are the disadvantages of JIT?
high starting costs
complicated logistics > higher transport costs
limited capacity > lack of space for emergencies
> dependency on suppliers
risk of strikes > ore vulnerable
economies of scale are difficult to achieve
complicated logistics > higher transport costs
limited capacity > lack of space for emergencies
> dependency on suppliers
risk of strikes > ore vulnerable
economies of scale are difficult to achieve
The advertising manager .../ .../.... the marketing director.
reports to
is accountable to
is responsible to
is accountable to
is responsible to
What is important about a company profile?
name of company
chairman
type (plc,Ltd,..)
logo, slogan
headquarters
locations
business sector
subsidiaries
products
customers
turnover
...
chairman
type (plc,Ltd,..)
logo, slogan
headquarters
locations
business sector
subsidiaries
products
customers
turnover
...
Who is on top of a company organigramm?(non - executive and executive)
chairman (non - executive)
managing director (executive)
managing director (executive)
