Mnemonics Across Financial, Operations, and Marketing Management

Vocabulary flashcards covering mnemonics and key concepts from Financial Management, Operations Management, and Marketing Management notes.

SIGG - Sources of Finance

Sources of finance, institutions, government, and the global market.

PFLEM - Financial Management Strategies

Planning and implementing; financial ratios; limitations; ethical issues; monitoring and controlling; strategies.

GPWC - Global Financial Context

Global context
—profitability, working capital, and cashflow.

CDDF - Managing Cash Flow

Cash flow statements; distribution of payments; discounts for early payment; factoring.

CCS - Working Capital Management

Working capital; components include CCA, CCL, and SNL.

C(FCE)R - Cost and Revenue Controls

Cost controls (fixed and variable), cost centres, expense minimisation; Revenue controls (marketing objectives).

IMPEDH - International Financial Management

Exchange rates; interest rates; methods of international payment; hedging; derivatives.

TEGGLQC - Operations Management Influences

Influences: Technology; Environmental sustainability; Government; Globalisation; Legal; Quality expectations; Cost-based competition.

ITO - Transformation Process (Operations)

Inputs, process, outputs.

POSTING QO - Operations Strategies

Performance objectives; outsourcing; SCM; tech; inventory management; new product/service design; global factors; quality management; overcoming resistance.

SPEG - Consumer Influences (Marketing)

Sociocultural, psychological, economic, and government influences.

ACL - Australian Consumer Law (Marketing)

WIPD: Warranties; Implied conditions; Price discrimination; Deceptive/misleading practices.

TAPES - Ethical Marketing Practices

Truth/Accuracy; products that damage health; engaging in fair competition; sugging.

SMEIDI - Marketing Process

Situational analysis; Market research; Establish market objectives; Identify target market; Develop strategies; IMC.

7Ps + EG - Marketing Mix/Strategies

Product, price, place, promotions, people, processes, physical evidence; E-marketing and Global marketing.

E-marketing & global marketing

Use of electronic channels for marketing and strategies to market globally.