4.02 Key terms-2

Bottom Line:

• The last straw

• A business net income; the decisive point

• A answer to a problem

• The buying of goods or servisces

Holding cost

• The money it takes to keep inventory in stock

• Holding money in a account

• Holding stocks in a profile

• Holding value in a products shares

Inputs

• Products

• Resources

• Presentations

• Information Input

Inventory

• Fortnite

• Apaars backpack

• What drops when you die in minecraft

• All the stock that a business has on hand

Inventory Control

• Piece control

• Costco wholesale product distribution

• Tracking the amount, the kind, and the value of inventory that a business has on hand

• Managing your inventory

Logistics

• Refers to managing the flow of goods and services from production to consumption

• Statistics

• Logitech 3

• Logging in

Operations

• The day to day activities for continued business functioning

• runnin from the opps

• PEMDAS

Outputs

• Export

• Inport

• In the operations function goods or services

• inputs

Purchasing

• Not overspending on a budget given by the ceo

• Net income for big businesses

• The buying of goods and services for a business

• in the production process determining when materials will arrive at a certain time

Quality Control

• Makings sure the product doesn't work for its intended purpose

• Ensuring the degree of excellence of a good or a service

• Not double checking the product

• Spending time with family and friends