TMP 120 UCSB LATEST QUESTIONS WITH CORRECT ANSWERS
0 view 0 purchase
Course
TMP 120 UCSB
Institution
TMP 120 UCSB
Important for start ups and established firms - ️️-choose where to compete
-uses available resources wisely
-time is critical
-Increase or decrease risk and value
Income statement - ️️-measure a businesses profitability
-what is made and sold in the period
- profit minus expenses equa...
TMP 120 UCSB
Important for start ups and established firms - ✔️✔️-choose where to compete
-uses available resources wisely
-time is critical
-Increase or decrease risk and value
Income statement - ✔️✔️-measure a businesses profitability
-what is made and sold in the period
- profit minus expenses equals net profit
- Does not tell you when a firm receives cash or how much cash is on hand
Strategy - ✔️✔️Creates a unique sustainable competitive advantage
Common elements of strategy - ✔️✔️1. Long term + Consistent Goals
2. Deep understanding of the competitive environment
3. Objective assessment of resources and capabilities
4. Effective execution
Strategy aim - ✔️✔️creating value
2 key Questions for strategy - ✔️✔️a. How to compete?
b. Where to compete?
Competitive Advantage happens when - ✔️✔️a firm possess an advantage over its
rivals when it earns or has the potential to earn a peristyle higher rate of profit
Environmental analysis - ✔️✔️is a strategic tool. It is a process to identify all the
external and internal elements, which can affect the organization's performance. The
analysis entails assessing the level of threat or opportunity the factors might present.
(overall business world)
Industry analysis - ✔️✔️Focuses on the firm's competitors who are producing similar
products
3) Resources and Capabilities - ✔️✔️
Value chain - ✔️✔️company infrastructure / HR/ operations / logistics - the sum of the
chain expresses the companies advantage
support activities - ✔️✔️part of each discreet function; which activities are profitable?
add most value?
Balance sheet - ✔️✔️-"snapshot" of company financial health on one date
-reports what the company: "has today" (assests) = "owes today" (liabilities) + "worth
today" equity
-easy to see how much working capital a company has
Cash Flow statement - ✔️✔️-tracks how cash moves through the business over time
-shows: cash on hand at the start of the period
-plus: Cash received over the period
-minus: cash spent in the period
-equals: cash on hand at the end of the period
Statement of owner's equity - ✔️✔️changes in your equity balance during the period
Liquidity Ratios - ✔️✔️Company's short term ability to pay its debt as it becomes due
Profitability Ratios - ✔️✔️Company's success or failure in generating profit
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ACADEMICMATERIALS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
