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HvA Accountancy woordjes jaar 1
› 18 Unit 18: Business philosophies
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HvA Accountancy woordjes jaar 1
18 Unit 18: Business philosophies
Jaar 1 (hbo)
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a production line =a factory system in which parts or components of the end product are transported by a conveyor through a number of different sites mass production =producing large numbers of similar products standard (product) =commonly used or supplied standardization =making standard, regular custom-built/ tailor-made =made to order (according to the wishes of a particular group of customers) specifications= details, instructions of something to be made or done a requirement =something needed, ordered or insisted upon a need =something felt to be necessary mass customization =poduction in large numbers of custom-built goods to meet consumers’ needs a buyer =customer, person or organization that buys (gets something by paying a price) Wikinomics =a form of mass collaboration on the Internet to solve problems and develop products collaboration =people and companies working together mass collaboration =a large number of people working together outsourcing =using outside suppliers a prosumer =customer who contributes to the design and development of products peer-collaboration =working together with other people in the same field co-creation =product development and improvement by producers in collaboration with customers/ end-users the long tail =a frequency distribution pattern; when companies sell a large variety of products online, a graph of all products sold generates the long tail a model =way of doing things a catalogue =a complete list of things, usually arranged systematically economies of scale= a way to decrease production or development costs a learning curve =a company learns from experience how to work more quickly and efficiently benchmarking =testing one’s performance trying to copy best practice performance = achieved results best practice =a method to copy the performance of top achievers through continuous evaluation to halve= lessen by one half an industrial secret =undisclosed information about a company’s better performance in a particular area, to be kept from competitors
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