External and Internal Influences on Operational Objectives (AQA A-Level Business): Flashcards
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Practise the cards
10 cards from this deck
PETC memory aid for external influences on operations
PETC memory aid for external influences on operations
Political/legal, Economic, Technological, Competitive
Economic cycle definition
Economic cycle definition
Natural fluctuation between expansion (growth) & contraction
CAD stands for
CAD stands for
Computer Aided Design
CAM stands for
CAM stands for
Computer Aided Manufacture
FMH memory aid for internal influences
FMH memory aid for internal influences
Finance, Marketing, Human resources
Globalisation impact on operations
Globalisation impact on operations
Resources sourced globally; production can be international
Demand during recession (contraction)
Demand during recession (contraction)
Consumer spending & demand decrease; operations reduce capacity
Demand during growth (expansion)
Demand during growth (expansion)
Consumer spending & demand increase; operations increase capacity
Benefits of production technology (CAD/CAM)
Benefits of production technology (CAD/CAM)
Faster production, better quality products, more innovation
Integration in business
Integration in business
All functional areas connected; operations decisions affect others