Shared Flashcard Set

Details

Chapter 8, 9, 10
NA
46
Business
Undergraduate 1
11/05/2013

Additional Business Flashcards

 


 

Cards

Term
Low Context Cultures
Definition
tends to rely on explicit written and verbal messages
Term
Affective Conflict
Definition
disagreement that focuses on individuals or personal issues.
Term
Performing Stage
Definition
members focus on solving problems and accomplishing tasks. They interact frequently and handle conflicts in constructive ways. The team leader encourages contributions from all members. He or she should attempt to get any nonparticipating team members involved.
Term
Cross functional Team
Definition
a team made up of members from different functions, such as production, marketing, and finance.
Term
Noise
Definition
some type of interference that influences the transmission of messages and feedback.
Term
Team Norms
Definition
standard of conduct shared by team members that guides their behavior.
Term
Encoding
Definition
using software that encodes and scrambles messages.
Term
Self-Managed Teams
Definition
work team that has the authority to decide how its members complete their daily tasks.
Term
Greatvine
Definition
internal information channel that transmits information from unofficial sources.
Term
Norming Stage
Definition
members resolve differences, accept each other, and reach broad agreement about the roles of the team leader and other participants. This stage is usually brief, and the team leader should use it to emphasize the team’s unity and the importance of its objectives.
Term
Team Diversity
Definition
variances or differences in ability, experience, personality, or any other factor on a team.
Term
Virtual Team
Definition
group of geographically or organizationally dispersed coworkers who use a combination of telecommunications and information technologies to accomplish an organizational task.
Term
Cognitive Conflict
Definition
disagreement that focuses on problem- and issue related differences of opinion.
Term
External Communication
Definition
meaningful exchange of information through messages transmitted between an organization and its major audiences.
Term
Communication
Definition
meaningful exchange of information through messages.
Term
Process Layout
Definition
groups machinery and equipment according to their functions
Term
Gantt chart
Definition
Track projected and actual work progress over time, are used for scheduling relatively simple projects.
Term
Pert Chart
Definition
Seek to minimize delays by coordinating all aspects of the production process, are used for more complex projects.
Term
Inventory Control
Definition
function requiring production and operations managers to balance the need to keep stock on hand to meet demand against the costs of carrying inventory.
Term
International Organization for Standardization (ISO)
Definition
Organization whose mission is to develop and promote International Standards for business, government and society to facilitate global trade and cooperation.
Term
Critical Path
Definition
sequence of operations that requires the longest time for completion.
Term
Computer Integrated Manufacturing (CIM)
Definition
production system in which computers help workers design products, control machines, handle materials, and control the production function in an integrated fashion.
Term
Utility
Definition
power of a good or service to satisfy a want or need.
Term
Perpetual Inventory
Definition
System that continuously monitors the amount and location of a company’s stocks.
Term
Standardization
Definition
offering the same marketing mix in every market.
Term
Routing
Definition
phase of production control that determines the sequence of work throughout the facility and specifies who will perform each aspect of production at what location.
Term
Assembly Line
Definition
manufacturing technique that carries the product on a conveyor system past several workstations where workers perform specialized tasks.
Term
Robot
Definition
Reprogrammable machine capable of performing numerous tasks that require manipulation of materials and tools.
Term
Just-in-Time (JIT) System
Definition
Broad management philosophy that reaches beyond the narrow activity of inventory control to influence the entire system of production and operations management.
Term
Benchmarking
Definition
process of determining how well other companies perform business functions or tasks.
Term
Synthetic Production System
Definition
the reverse of an analytic system. It combines a number of raw materials or parts or transforms raw materials to produce finished products.
Term
Affinity Program
Definition
Marketing effort sponsored by an organization that solicits involvement by individuals who share common interests and activities.
Term
Market Segmentation
Definition
process of dividing a total market into several relatively homogeneous groups
Term
Demographics
Definition
statistical characteristics of the segment of the market that might purchase a product.
Term
Target Market
Definition
group of people toward whom an organization markets its goods, services, or ideas with a strategy designed to satisfy their specific needs and preferences.
Term
End-use Segmentation
Definition
marketing strategy that focuses on the precise way a B2B purchaser will use a product.
Term
Marketing Mix
Definition
blending the four elements of marketing strategy—product, distribution, promotion, and pricing—to satisfy chosen customer segments.
Term
Data Mining
Definition
computer searches of customer data to detect patterns and relationships.
Term
Consumer Behavior
Definition
actions of ultimate consumers directly involved in obtaining, consuming, and disposing of products and the decision processes that precede and follow these actions.
Term
Ownership Utility
Definition
orderly transfer of goods and services from the seller to the buyer; also called possession utility.
Term
Exchange Process
Definition
activity in which two or more parties give something of value to each other to satisfy perceived needs.
Term
Mass Customization
Definition
allows a firm to mass produce goods and services while adding unique features to individual or small groups of orders.
Term
Frequency Marketing
Definition
marketing initiative that rewards frequent purchases with cash, rebates, merchandise, or other premiums.
Term
Comarketing
Definition
cooperative arrangement in which two businesses jointly market each other’s products.
Term
Cobranding
Definition
cooperative arrangement in which two or more businesses team up to closely link their names on a single product.
Term
Time Utility
Definition
availability of a good or service when customers want to purchase it.
Supporting users have an ad free experience!