Case Study Vocab Essay

Case Study Vocab

1 . Economies of scale- reduction in a firm's typical costs of production that result from an increase in the scale of operations

2 . Internal growth- business, development by means of working new twigs, shops or perhaps factories (organic growth)

three or more. External growth- business expansion achieved by way of merging with or taking over another organization, from both the same or possibly a different industry

4. INFESTATIONS analysis- acronym standing intended for political, financial, social, technical that refers to an synthetic framework to get external environmental factors

5. SWOT analysis- strategic evaluation that identifies the main inner strengths and weaknesses and external options and hazards

6. Product line- a couple of related goods sold with a business

six. Product mix- the variety of products that a business produces or a retailer shares

8. Item range- each of the types of goods made by a company

9. Product life cycle- the pattern of sale documented by a item from release to revulsion from the marketplace

10. Total quality management- an approach to quality that should include all employees inside the quality improvement process

11. Extension strategies- marketing ideas that extend the maturity stage of a product before a brand new one is required

12. Job enlargement- attempting to increase the range of a work by increasing or deepening the tasks carried out

13. Work enrichment- aims to use the total capabilities of workers by giving them a chance to do more difficult and satisfying work

13. Internal stakeholders- people or perhaps groups of people within the corporation who can be affected by, and therefore are interested in, any action simply by an organization (managers, employees)

15. External stakeholders- people or perhaps groups of people outside of the organization who can be affected by, and therefore have an interest in, any kind of action simply by an organization (suppliers, surrounding community, costumers)

sixteen. Shareholders- a...



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