Supply Chain StrategyThe supply chain strategy establishes how organisations work with chain members, which, if orchestrated and managed correctly, can increase organisational success. |
Supply CurveSupply curve is a graphical representation of a firm / firms showing the relationship between price and quantity of a given item. |
Supply Curve of the FirmSupply curve of the firm is the rising part of the MC curve above shut-down point where AR = AVC. |
Supply ScheduleSupply schedule is a table representation of a firm / firms showing the relationship between price and quantity of a given item. |
Supply TheoryThe theory of supply of goods also known as the “Supply Theory” attempts to understand why and how firms do what they do. Analysing the firm’s behaviours and to understand what their goals are. This theory can also be called the “Theory of the firm” according to your textbook. In this module we will work on the assumption that firms seek to maximise their profits. |
SWOT AnalysisSWOT analysis is a tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, straightforward model that assesses what an organization can and cannot do, as well as its potential opportunities and threats. The method of SWOT analysis is to take the information from an environmental analysis and separate it into internal (strengths and weaknesses) and external issues (opportunities and threats). |
SynthesisThe bringing together of the different strands
of an argument into a cohesive whole |
Tactical Marketing PlanA tactical marketing plan breaks down those business goals into marketing objectives, then details the marketing strategies and tactics that will be used to achieve those objectives |
TaxationTaxation is a compulsory payment to the government. |
TaxesTaxes are a compulsory payment to government. |