Business Management HL
Business Management HL
6
Chapters
223
Notes
Unit 1 - Introduction To Business Management - QB
Unit 1 - Introduction To Business Management - QB
Unit 2 - Human Resource Management - QB
Unit 2 - Human Resource Management - QB
Unit 3 - Finance & accounts - QB
Unit 3 - Finance & accounts - QB
Understanding Capital Vs. Revenue Expenditure In Business
Capital Vs. Revenue Expenditure: Key To Asian Farmers' Success
Unlocking Internal Finance: Pros & Cons For Businesses
Unlocking Business Growth: Comprehensive Guide to External Finance
Mastering Short-Term Vs. Long-Term Finance: Key Differences
Key Factors Determining Finance Source Choices
Unlock Business Growth: Internal Vs. External Sources Of Finance
Three Hills Driving School: Business Finance Dilemma
Understanding Business Costs: From Fixed To Variable
Unlock Business Success: Master Fixed, Variable, & Total Costs
Unlocking Financial Success for TAK Tours: A Case Study on Cost & Revenue Optimization
Unlocking the Power of Final Accounts: A Guide for Stakeholders
Unlock Business Success: Profit, Loss & Balance Sheet Explained
Unlock The Secrets To Understanding Business Assets: Tangible Vs Intangible
Unlock The Secrets Of Business Liabilities: Current Vs Non-Current Explained!
Unlock The Secrets Of Business Equity: Share Capital Vs Retained Earnings
Unlock The Power Of Intangible Assets For Long-Term Success
Understanding Depreciation: Methods & Impacts on Assets
Understanding Final Accounts: A Comprehensive Checklist
Unlocking BPT Ltd's Financial Insights: An In-depth Analysis
Unlocking Financial Insights: Ratio Analysis Explained
Unlocking Profitability: Key Ratios & Strategies Explained
Mastering Liquidity Ratios: Current Vs. Acid Test Explained
Unlocking Financial Insights: Mastering Ratio Analysis Tools
Master WAW's Financial Analysis: Tips & Insights
Unlocking Business Potential: Understanding Efficiency Ratios
Navigate Insolvency Vs. Bankruptcy: Your Ultimate Guide To Financial Recovery
Master The Art Of Efficiency Ratios: Unlock Financial Success In Business
Understanding CB Ltd's Insolvency Dilemma: A Deep Dive
Profit Vs. Cash Flow: Key Differences Explained!
Mastering Cash Flow Forecasts Predict Future Finances
Understanding Investment, Profit, & Cash Flow: A Deep Dive
Unlocking Business Success: Cash Flow vs. Profit Explained
Unlocking NPF's Financial Future: Case Analysis & Insights
Unlocking Investment Appraisal: Key Methods & Insights
Understanding Net Present Value (NPV): A Comprehensive Guide
Unlocking Investment Appraisal: Techniques & Insights
EEB Hotel Reservations: A Deep Dive Into Investment Appraisals
Understanding Cost & Profit Centres: Boosting Business Efficiency
Mastering Budget Construction: Key Terms Explained
Mastering Variance Analysis: Favorable Vs. Adverse Insights
Unlocking Business Success: Budgets & Variances In Decision-Making
Mastering Business Finances: Budgets, Cost & Profit Centres Explained
Unlocking KJC Ltd's Sales Mystery: A Deep Dive Into Variance Analysis
Unit 4 - Marketing - QB
Unit 4 - Marketing - QB
Unit 5 - Operations management - QB
Unit 5 - Operations management - QB
Unit 6 - Assessment
Unit 6 - Assessment
IB Resources
Unit 3 - Finance & accounts - QB
Business Management HL
Business Management HL

Unit 3 - Finance & accounts - QB

Unlocking KJC Ltd's Sales Mystery: A Deep Dive Into Variance Analysis

Word Count Emoji
615 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited on 5th Nov 2024

Table of content

๐ŸŒฟ Introduction

Meet KJC Ltd - they make awesome pots! From tiny ones to hold your baby cactus to massive ones for those big ferns. Quality? Top-notch! Distribution? Everywhere!

๐Ÿ“Š First half vs. second half

  • First half: Sales skyrocketed ๐Ÿš€
  • Second half: Sales more like turtle-walked ๐Ÿข
    Why?
    • Some people say, "It's the recession!"
    • Others claim, "Too many competitors!"

๐Ÿคตโ€โ™‚๏ธ Mr. jon liu's big task

  • Role: Financial Manager of KJC Ltd.
  • Mission: Conduct a variance analysis (like a detective ๐Ÿ•ต๏ธ looking for clues in financials).
  • Why? To find out:
    • How KJC Ltd did over the year.
    • The areas causing the sales dip in the second half.

๐Ÿงฎ Finance 101 - key terms explained

  • Cost Centre
    • Definition: A department or section of a business responsible for costs (but doesn't make profits directly).
    • Real-World Example: Think of the HR department in a company. They handle salaries and training costs but don't sell products.
  • Profit Centre
    • Definition: A department or section of a business that directly earns revenue and is responsible for its profits and losses.
    • Real-World Example: Imagine Apple's iPhone department. They sell iPhones and earn direct profit.
  • Roles in KJC Ltd
  • Performance Measurement: Measures how well a part of the business is doing. Like seeing which pot shapes are selling like hotcakes!
  • Strategic Decisions: Helps in making decisions like launching new pot designs or discontinuing others.

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Dive deeper and gain exclusive access to premium files of Business Management HL. Subscribe now and get closer to that 45 ๐ŸŒŸ

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IB Resources
Unit 3 - Finance & accounts - QB
Business Management HL
Business Management HL

Unit 3 - Finance & accounts - QB

Unlocking KJC Ltd's Sales Mystery: A Deep Dive Into Variance Analysis

Word Count Emoji
615 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited on 5th Nov 2024

Table of content

๐ŸŒฟ Introduction

Meet KJC Ltd - they make awesome pots! From tiny ones to hold your baby cactus to massive ones for those big ferns. Quality? Top-notch! Distribution? Everywhere!

๐Ÿ“Š First half vs. second half

  • First half: Sales skyrocketed ๐Ÿš€
  • Second half: Sales more like turtle-walked ๐Ÿข
    Why?
    • Some people say, "It's the recession!"
    • Others claim, "Too many competitors!"

๐Ÿคตโ€โ™‚๏ธ Mr. jon liu's big task

  • Role: Financial Manager of KJC Ltd.
  • Mission: Conduct a variance analysis (like a detective ๐Ÿ•ต๏ธ looking for clues in financials).
  • Why? To find out:
    • How KJC Ltd did over the year.
    • The areas causing the sales dip in the second half.

๐Ÿงฎ Finance 101 - key terms explained

  • Cost Centre
    • Definition: A department or section of a business responsible for costs (but doesn't make profits directly).
    • Real-World Example: Think of the HR department in a company. They handle salaries and training costs but don't sell products.
  • Profit Centre
    • Definition: A department or section of a business that directly earns revenue and is responsible for its profits and losses.
    • Real-World Example: Imagine Apple's iPhone department. They sell iPhones and earn direct profit.
  • Roles in KJC Ltd
  • Performance Measurement: Measures how well a part of the business is doing. Like seeing which pot shapes are selling like hotcakes!
  • Strategic Decisions: Helps in making decisions like launching new pot designs or discontinuing others.

Unlock the Full Content! File Is Locked Emoji

Dive deeper and gain exclusive access to premium files of Business Management HL. Subscribe now and get closer to that 45 ๐ŸŒŸ

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