RJCT Task 1 B1. Budgets and pro forma statements are very important to the success of the simulation. You needed to keep close track of your available funds, and it was also important to be able to predict how your expenditures would affect your success. Budgets are where we allot amounts to be spent in specific areas for the business. Without a budget, it is no doubt that spending would get out of control and the business would soon fail. Without a budget, I would have likely spent way too
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RJCT Task 1 Marketplace Simulation – Smart Systems A. Documents • Fourth quarter cumulative balanced scorecard. • Income statements for the four quarters • Balance sheets for the four quarters Fourth quarter cumulative balanced scorecard – Smart Systems Minimum Maximum Average Smart Systems Total Overall 0.00 444.77 5.76 20.03 Financial Performance -53.84 186.46 5.13 51.97 Market Performance 0.00 0.67 0.06 0.24 Marketing Effectiveness 0.00 0.81 0.12 0.73 Investment in Future 0
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wants to sell and lastly how is this product going to manufactured profitably. This must be accomplished while maintaining a strong cash flow, a solid balance sheet along with a market plan that maintains and progressively increases market share. 1.) Reviewing the budgets and pro-forma The utilization of budgets and pro-forma are a must if a manager is to maintain positive
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JCT2 - Supply Chain Management This course supports the assessment for JCT2. The course covers 10 competencies and represents 3 competency units. Introduction Overview In this course, you will be challenged with learning about the integration of activities that comprise a supply chain, from manufacturing goods through retailer sales. Understanding and proactive management of a supply chain is a key skill set for today's business executive. This course focuses on supply chain and distribution
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