BST - TRIALS REVISION

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Last updated 4:10 AM on 7/23/26
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7 Terms

1
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what are the transformed resources?

MIC - materials, info & customers

2
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what are transforming resources?

HRF - human resources & facilities

3
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what is an example of leading-edge technology?

robotics & AI

4
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what is an example of established technology?

computer-aided design (CAD) & digital websites

5
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what are the profitability management strategies?

cost & revenue controls

6
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what are the ‘cost’ profitability management strategies?

  • fixed & variable costs

  • cost centres

  • expense minimisation

7
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what are the ‘revenue’ profitability management strategies?

  • pricing policies

  • sales mix

  • sales forecast