Flashcards
Theme 3 Topic 3 - Decision Making Techniques
Cards in this deck (5)
- 13.3.1 What is sales forecasting?Predicting the amount of sales in the future using things like past data and market research.
- 23.3.2 What is investment appraisal?Where a business works out if a new purchase is a good financial decision.
- 33.2.2 What are the methods of investment appraisal?Payback
Average Rate of Return (ARR)
Net Present Value (NPV) - 43.3.3 What is a decision tree?A model which shows the expected profit for multiple decisions, using the estimated revenue generated by each option and the probability of it being successful.
- 53.3.4 What is Critical Path Analysis (CPA)?A way of scheduling in what order parts of a project can be done by looking at each parts competition time and prerequisites
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- A level Business Studies (Theme 3) Flashcards on Theme 3 Topic 3 - Decision Making Techniques, created by Christian Griffin on 04/12/2021.
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- Christian Griffin
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