Midterm Cheat Sheet

In: Business and Management

Submitted By lulustar07
Words 2915
Pages 12
Chapter 1 The Scope and Challenge of International Marketing

* International Marketing is the activity, set of institutions and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. * Differences of Intl Marketing from National marketing: the difficulties created by different environments and the need to coordinate international expansions across cultures to achieve efficiency and effectiveness to achieve firms’ goals. * Globalization: the increased mobility of goods, services, labor, technology, capital throughout the world. * HOW does globalization affect Canadian marketers?
Positive impacts * marketers how now much more access to more information about their markets and consumers (domestically and internationally) * much easier communication with suppliers and consumers today * because of free trade agreements, easier to penetrate/venture into other foreign markets * opportunities to lowering production and marketing costs due to the ability to standardize products and processes * and ultimately benefit from having to deal with fewer national currencies (e.g transactions could be in US Dollar, or Euros because EU nations use that), which reduces risks and costs.
Negative impacts * small Canadian companies and marketers find it difficult to compete on an even playing field with larger transnational companies. * Globalization is forcing firms to identy core competencies and develop sustainable advantages that will insulate them from competition. * Uncontrollable elements: competitive structure, economic climate, political/legal forces, competition, legal restraints, government controls, weather, fickle consumers. Marketers can’t control these factors but must adjust or adapt to them in a manner consistent with a…...

Similar Documents

Ratio's Cheat Sheet

...Ratio Formula Cheat Sheet Prerequisite Formulas Used in the various ratio formulas below Measures the dollar amount of profit remaining after cost of goods sold and is used as the denominator in the Gross Margin calculation Used as the denominator in the Return on Assets calculation Used as the denominator in the Return on Equity calculation Used as the denominator in the Receivables Turnover calculation Used as the denominator in the Inventory Turnover calculation Profitability Ratio Formulas Used to measure how effective an organization is at generating profits Measures the percentage of each sales dollar remaining after cost of sales that contributes to funding the organization’s SG&A and other costs Measures the percentage of each sales dollar that remains after cost of goods sold and SG&A expenses Measures the percentage of each sales dollar that remains after all expenses Measures how effectively an organization uses its assets to generate profits Measures how effectively an organization uses the capital contributed by equity investors (excludes preferred stock) Measures the percentage of net income paid out as dividends Asset Utilization Ratio Formulas Used to measure the amount of time it takes or how efficiently assets are turned into cash Measures the number of times per year the balance of receivables is collected and shows how efficient an organization is in collections Measures the average number of days it takes from the time a sale is made until cash is......

Words: 555 - Pages: 3

Statistics Cheat Sheet

...Statistic- is a number computed from a sample of data. It is characteristic of a sample. A summary measure that is computed from a sample to describe a characteristic. (Numerical summary of the population) (Ex. The proportion of females randomly selected from the registered voters of a county or the average time it takes for the first 5 students to complete an exam) Parameter- A characteristic (numerical summary) of the entire population. A number computed from the entire population usually unobservable. Subject- the entities that we measure in a study. Population- the collection of all subjects under study. Proportion- of the observations that fall in a certain category is the frequency (count) of observations in that category divided by the total number of observations. Proportion and percentages (aka relative frequencies) Probability- the chance that an even will occur. Sample- a subset of the population. Random Samples are most valid. Design- Plan for how the data will be collected. Two events are dependent if the outcome or occurrence of the first affects the outcome or occurrence of the second so that the probability is changed. Sample Space- set of all possible outcomes for a random phenomenon Variables (COLUMNS)- characteristics or measurements on the subject. Event-subset of the sample space Description- summarizing the data that are obtained. Descriptive Statistics- methods for summarizing the data. Usually consists of bar graphs and...

Words: 12484 - Pages: 50

Intro to Statistics Cheat Sheet

...Statistics Cheat Sheet Proportion = Frequency x 100 = Percentage Total No | Z score (standardised value)-how many sds from the mean the value liesZ score = data value – mean Standard deviation | Metric Data = ExploreCategory = Frequencies | Bigger sample size will give a narrower confidence interval range (more specific) outliers affect the mean but not the median – this is why the median is preferred here. | | Reports -Only give confidence interval if signicant-All values to 2 dec pts except the p-value Experimental = IV is manipulated to see the effect on the DV Observational = Information just observed & recorded | P-Value Significant Figurep-value < 0.05 = Significantp-value < 0.05 = Not Significant The probability that our test statistic takes the observed value Always leave at 3 decimal places | Levene’s Test-Used to test if equal variancesIf significant (<0.05)– use equal variances not assumed rowIf not significant (>0.05)– use equal variances assumed row | Dependent Variable = the variable in which we expect to see a changeIndependent Variable = The variable which we expect to have an effect on the dependent variable Example: There will be a statistically significant difference in graduation rates of at-risk high-school seniors who participate in an intensive study program as opposed to at-risk high-school seniors who do not participate in the intensive study program." (LaFountain & Bartos, 2002, p. 57)IV:......

Words: 1923 - Pages: 8

Cheat Sheet for Statistics 1

... P Midterm | 0.59 | 0.11 | 0.7 | F Midterm | 0.2 | 0.1 | 0.3 | Probability | 0.79 | 0.21 | 1 | a) student passed the midterm? P(PM) = 0.7 b) student passed the final? P(MF) = 0.79 c) student failed the midterm or failed the final? P(FM or FF) = 0.3+0.21-0.1 = 0.41 d) student failed the midterm and passed the final? P(FM AND PF) = 0.2 e) Given the student passed the midterm, what is the probability that passed the final? P(PF|PM) = 0.59/(0.59+0.11) = 0.843 f) Given a student failed the final, what is the probability the student passed the midterm? P(PM|FF) = 0.11/(0.11+0.1) = 0.524 g) If 3 random students are asked, what is the probability that they all passed both the final and the midterm? =P(PF AND PM) 3 = 0.593 = 0.205   | PFinal | Final | Prob | P Midterm | 0.59 | 0.11 | 0.7 | F Midterm | 0.2 | 0.1 | 0.3 | Probability | 0.79 | 0.21 | 1 | a) student passed the midterm? P(PM) = 0.7 b) student passed the final? P(MF) = 0.79 c) student failed the midterm or failed the final? P(FM or FF) = 0.3+0.21-0.1 = 0.41 d) student failed the midterm and passed the final? P(FM AND PF) = 0.2 e) Given the student passed the midterm, what is the probability that passed the final? P(PF|PM) = 0.59/(0.59+0.11) = 0.843 f) Given a student failed the final, what is the probability the student passed the midterm? P(PM|FF) = 0.11/(0.11+0.1) = 0.524 g) If 3 random students are asked, what is the probability that they all passed both the final and the midterm?......

Words: 9115 - Pages: 37

838 Cheat Sheet

...Topic 1 business valuation introduction Financial assets Three main types: 1.fixed interest or Debt 2.Shares or Equity 3. Derivative Securities (Futures, Options) Fixed interest: 1.Payments fixed or determined by a formula 2. Money market debt: short, term, highly marketable(市场的), usually low credit risk 3. Capital market debt: long term bonds, can be safe or risky 4.Subject to Interest Rate movements (Yield Curve) and Credit Risk Equity Securities: 1.ownership of a corporate entity 2.secondary markets liquid and low cost 3.Residual claim on assets after debt 4. Limited liability (no resource for debtors) 5. Receive dividends& franking credits 6.most volatile asset class (30% typical) 6.most volatile asset class(类别) 7. Highest return asset class How firms issue securities(有价证券) Primary Market (IPO) 1. Firms issue new securities through underwriter(承销商) to public 2. Investors get new securities, firm gets funding Secondary market Investors trade previously issued securities on financial markets Financial market and the Economy 1.Information Role: Capital flows to companies with best prospects 2. Consumption Timing: Use securities to store wealth 3. Allocation of Risk: Investors can select securities consistent with their tastes for risk 4.Separation of Ownership and Management: With stability comes agency problems Efficient Market Hypothesis (EMH) 1. Weak EMH: Prices reflect all past information. →Cannot make money from charting. (记录表格) 2.......

Words: 3602 - Pages: 15

Cheat Sheet for Business Law

...Chapter 13 Intention to create legal relations ‘Honour’ clauses: not entered into as formal agreement. expressly intention: consider term expressly and clearly state the parties intention. Implied intention: the courts have to determine objectively whether the parties intended the agreement to be legally enforceable. Society agreement: ones made b/w friends or acquaintances.. other domestic agreement: voluntary agreement, commercial or business agreement. Government contract,AD, 1. Trevey v Grubb (1982) social 中奖一人独吞A three person syndicate won in the lottery. The ticket was in the name of D, who refused to share the prize. This was a social agreement. The nature of the agreement betw. parties was that they must have agreed that it would be enforced in the event of them winning. Thus, there was a contract and P was entitled to share of the winning in proportion to her contribution. 2. Balfour v Balfour [1912] domestic 成功拒绝付生活费D left apart with his wife, and promises to pay $30 a month. But he refused to continue pay. This was a domestic arrangement ‘bcs. the parties did not intend that they should be attended by legal consequences’. At the time the agreement was made the courts did not consider that the marriage had broken down. 3. Merritt v Merritt [1970] family 离婚,但是还要给利息The D left his wife. The parties reached an agreement whereby the D was to transfer his interest in the jointly owned matrimonial home to P. P should succeed, bex. the parties are separated. The......

Words: 6157 - Pages: 25

Cheat Sheet

...Environment Analysis (Threats: Porter’s 5 forces)“Hard to find elsewhere” * Value PropositionPorter’s 5 Forces * Buyer Power –Do your customers have other firms they can purchase from? | Switching Cost, Loyalty Program * Supplier Power – Do you have choices of suppliers? | Select alternative products or suppliers, Reverse auction * Substitutes – what alternative product/service? | Opportunity Costs, Adding Values * Potential Entrants – How easy to enter? | Entry Barrier * Rivalry – how intense is the competition? | Product differentiation * Business GOAL (Value Proposition determines GOAL) * Maximize benefit for customer (= Value proposition) * Tangible: 만질 수 있는 saving * Intangible: 무형의 saving time * Always Increase Sales, and Reduce Cost * * Strategy (How to work your way to the Goal) * Porter’s Three Generic Strategies: Creating Business focus * Strategies that are commonly used by businesses to achieve and maintain competitive advantage| current Narrow Target Differentiation Focus * Firm facing one of Porter’s Five Forces, reduce the threats in […] by […] which will relate achieve goal * * * Use of FB → not differentiating enough → does not support value proposition (which has a differentiation focus) → not strategic. * * Capabilities (WHAT a company should be ABLE to do to execute its business strategy)Strategic Support Capabilities Advantage CapabilitiesBusiness Necessity Capabilities Essential Capabilities * ......

Words: 1345 - Pages: 6

Vi Cheat Sheet

...vi Editor “Cheat Sheet” Invoking vi: vi filename Format of vi commands: [count][command]Command mode versus input modeVi starts in command mode. The positioning commands operate only while vi is in command mode. You switch vi to input mode by entering any one of several vi input commands. (See next section.) Once in input mode, any character you type is taken to be text and is added to the file. You cannot execute any commands until you exit input mode. To exit input mode, press the escape (Esc) key.Input commands (end with Esc)a Append after cursor i Insert before cursor o Open line below O Open line above :r file Insert file after current lineAny of these commands leaves vi in input mode until you press Esc. Pressing the RETURN key will not take you out of input mode.Change commands (Input mode) cw Change word (Esc)cc Change line (Esc) - blanks line c$ Change to end of line rc Replace character with c R Replace (Esc) - typeover s Substitute (Esc) - 1 char with string S Substitute (Esc) - Rest of line withtext . Repeat last changeChanges during insert mode <ctrl>h Back one character <ctrl>w Back one word <ctrl>u Back to beginning of insert | VI “Cheat” SheetACNS Bulletin ED–03Februa ry 1995(count repeats the effect of the command)File management commands :w name Write edit buffer to file name :wq Write to file and quit :q! Quit without saving changes ZZ Same as :wq :sh Execute shell commands (<ctrl>d)Window motions ...

Words: 1256 - Pages: 6

Cheat Sheet

...= × + × × √ L= no of weeks, Z= given, Avg from table = √ 2 × × Q= Items/order, K =5550/orders , h =invt holding cost =1.25/unit/week = /2 +( × × √) () = × ℎ = × / = × ( + ) = + + st (a) Sequential Supply Chain:: (i) Retailer’s profit= Minimum of Demand and Order × Selling Price + Salvage Value × Surplus Product – Order × Whole price paid by the retailer – Fixed Production Cost (ii) Manufacture’s profit= Order × (Whole price paid by the retailer – Variable Production Cost) (b) Global Optimization: Profit= Minimum of Demand and Order × Selling Price + Salvage Value × Surplus Product – Order × Variable Production Cost – Fixed Production Cost (c) Buy Back Contract: : Retailer’s Profit= Minimum of Demand and Order × Selling Price + manufacturer buy back price × Surplus Product – Order × Whole price paid by the retailer – Fixed Production Cost Manufacturer’s Profit= Order × (Whole price paid by the retailer – Variable Production Cost) + Salvage Value × Surplus Product - Surplus Product × manufacturer buy back price (d) Revenue Sharing: Retailer’s Profit= Minimum of Demand and Order × Selling Price × (1-Revenue Sharing) + Salvage Value × Surplus Product – Order × Whole price paid by the retailer – Fixed Production Cost Manufacturer’s Profit= Order × (Whole price paid by the retailer – Variable Production Cost) + Minimum of Demand and Order × Selling Price × (Revenue Sharing) Supply chain management is......

Words: 498 - Pages: 2

A Cheat Sheet for Acc Exam

...unnoticed by everyone, including the auditors. Assuming that no other errors were ever made, what would be the effect of this error on the balance sheet and income statement of 2016? A. Understate inventory and Overstate COGS. B. Overstate inventory and Understate COGS. C. Understate inventory and have no effect on COGS. D. None of the above. 13. When applying the Lower-of-Cost-or-Market rule for inventory, companies determine designated market as replacement cost subject to which limits? A. A ceiling of Estimated Sales Price minus Costs of Completion and Disposal. B. A floor of Estimated Sales Price minus a Normal Profit Margin. C. Both A and B. D. None of the above. 14. Which of the following cost is not a product cost? A. Freight-in. B. Insurance. C. Freight-out. D. Handling fees. 16. Mill Company uses Periodic LIFO. On December 23, it orders goods to be shipped FOB shipping point from a vendor. On December 29, the vendor ships the goods. Mill does not receive the goods until January 3 of the next year and disregards accounting for any of that inventory purchase until that date. If Mill’s year end is December 31, what are the consequences on that date of Mill’s actual accounting of the inventory? A. Mill’s records will be correct. B. Inventories and Accounts Payable will be understated on the year-end Balance Sheet. C. Purchases and Ending Inventory will be understated in the calculation of COGS for the Income Statement. D. Both B and C. 17.......

Words: 2179 - Pages: 9

Cheat Sheet

...Chapter 9 Strategic Organization – Organizing speech to achieve particular result with particular audience Main Points – Major points developed in body of speech; most speeches have 2-5 Chronological order – Main points follow time pattern Spatial order – Main points follow directional pattern Causal order – Main points show cause-effect relationship Problem-Solution order – First main point (The problem); second main point (The solution) Topical order – Main points divide topic into logical, consistent subtopics Tips for main points – Keep points separate; try for same pattern of wording; balance time devoted to each Supporting materials – Materials used to support speaker’s ideas Connective – Word or phrase connecting ideas Types of connectives – Transition; internal preview; internal summary; signpost Transition – Indicates speaker has finished one thought & is moving to another Internal preview – Statement in body indicating what speaker will discuss next Internal summary – Statement in body summarizing preceding points Signposts – Brief statement showing where speaker is or focusing attention on key ideas Chapter 10 Introduction – Gain attention/interest; reveal topic; establish credibility/goodwill; preview body Gaining attention – Relate topic to audience; state importance of topic; startle audience; arouse curiosity; question audience; begin with quotation; tell story Credibility – Perception of speaker’s qualifications Goodwill –......

Words: 1430 - Pages: 6

Fitness Workout Cheat Sheet

...Side Plank Lie on your left side with your elbow directly beneath your shoulder and legs stacked. Place your right hand on your left shoulder or on your right hip. Brace your abs and lift your hips off the floor until you're balancing on your forearm and feet so that your body forms a diagonal line. Hold for 30 to 45 seconds. If you can’t hold that long, stay up as long as you can and then repeat until you’ve held for 30 seconds total. Switch sides and repeat. Russian Twist The Russian Twist targets the obliques, transverse abdominus, rectus abdominus, and multifidus. This exercise can be done with or without weight, depending on the difficulty level you are trying to achieve. Sit on glutes with feet raised up, then twist side to side with or without a weight (like a medicine ball). Doing 3 sets of 10-20 repetitions will get a good burn in the muscles and a great workout. Use weight to increase difficulty. Standing Oblique Crunch The Standing Oblique Crunch targets the obliques, transverse abdominus, multifidus, and rectus abdominus. Being that this is a standing exercise, it makes your muscles activate to stabilize the body when balancing on one foot to lift the leg to crunch. Depending on the difficulty level you wish to achieve, lift one leg and keep it lifted......

Words: 2112 - Pages: 9

Acc331 Cheat Sheet

...ACC331 Cheat Sheet Exam 1 Chapter 1 Horizontal Equity- equally situated persons pay equal taxes. Where income tax wins. Vertical Equity- Persons with different amounts of income pay different amounts of tax. 16th amendment-the congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration. Statute of Limitations- federal 3 years regular, 6 years-omit>25% of gross income, none-fraud. State may be different, Michigan regular is 4. FICA(federal insurance contributions act)-social security tax -social security 6.2% 2010 4.2% 2011. Base amount is 106,800 -medicare 1.45% FUTA(federal unemployment tax act) 6.2% on first $7,000 of wages Chapter 3 Basic Tax Structure -Economic income (+)only place where u add stuff when determining GI -Gross Income -Adjusted Gross Income (-) -Taxable Income (-) -Tax (-) -Tax Due (-) Tax Formula for Individuals Income Less:exclusions GI Less:deductions for AGI Adjusted Gross Income Less: the greater of Total itemized deductions Or standard deduction Less: personal and dependency exemptions Taxable income Tax on taxable income Less:tax credits Tax due (or refund) *economic income---- exclusions *gross income—deductions for AGI AGI -itemized deductions or standard deduction *itemized deductions are related to production or collection of income and management of property held for......

Words: 2469 - Pages: 10

Geography Cheat Sheet

...Geography Test 4 Cheat Sheet Mineral- inorganic naturally occurring substance with a distinct chemical formula and a distinct crystalline form Rock-Aggregate of multiple grains of the same minerals Earth’s crust is made up of 8 elements oxygen 47% silicon 28% Al 8% Fe 5% Calcium 3.6% Sodium 2.8% Potassium 2.7% Magnesium 2% Every mineral has physical characteristics that aid in identification Hardness scale 1-10 chalk (1) and diamond (10) Luster-How shiny Cleavage-how it breaks Rocks are held together by a chemical bond Most common is oxygen and silica SiO2 which has 92% of the Earth’s crust. Granite is silicate. CaCO3 limestone forms in warm waters 3 types of rocks: Igneous- molten rock that has cooled and solidified Felsic- rock that is light color and light weight Mafic- heavy rocks are dark given it has a lot of metal Sedimentary-derive from accumulated sediment fragment of rocks ex: limestone, clay, silt, sand, gravel, and boulder Metamorphic- rock that has been changed and does not go into an igneous state Limestone=marble Sandstone-quartzite Fluvial process- River process Igneous(cools fast)- small crystal Igneous(cools slow)- large crystals Sedimentary- erodes, is transported, and later becomes rocks, sandstone and metamorphic (crystalline structure changed due to heat and pressure) Erosion- Process by which particles are separated from original site and deposit at a new site Arid and semiarid- wind and water are the main sources of......

Words: 1078 - Pages: 5

Tom Cheat Sheet Midterm 1

...Dimensions of Service Quality – (Convenience, Reliability, Accuracy, Time, Responsiveness, Courtesy, Tangibles) Pull System = Demand impacts when product is produced Push System = Demand does NOT impact when product is produced Quantifying Queues – Queues are inevitable because there will always be variability, it is important how you manage them - (μ) – Service Rate - Average number of customers that a service provider can serve per unit of time - (λ) – Arrival Rate - Average number of customers arriving per unit of time - (ρ) – Utilization Rate - If arrival rate < average service rate, Utilization Rate = Arrival Rate/Service Rate (ρ = λ/ μ) - If arrival rate > average service rate, utilization is > 100% Average # of Customers in System (L) = Arrival Rate/(Service Rate – Arrival Rate) & L = λ / (μ – λ) Average # Waiting in Line (Lq) = (Utilization Rate)*(Avg. # of Customer in System) & Lq = ρ L Average Customer Time Spent in System (W) = 1 / (Service Rate – Arrival Rate) & W = 1/(μ- λ) Average Waiting Time (Wq) = Utilization Rate * Average Customer Time Spent in System & Wq = ρ W Increase in… | Output | Waiting Customers (Inv.) | Business Impact? | Service Rate | UP | DOWN | Positive | Arrival Rate | UP | UP | Trade-Off | Waiting Room Size | UP | UP | Trade-Off | Variability | DOWN | UP | Negative | # Of Servers | UP | DOWN |......

Words: 1511 - Pages: 7