In an Impromptu Speech, You Will Most Likely Want to Focus

question 87

True/False

In an impromptu speech, you will most likely want to focus on two main points in the body of the speech.

Distinguish between the types of products and services purchased, assessing them based on risk and value.

Understand the concept and impact of routing flexibility in supply chains.

Comprehend the role and types of production layouts, including workcenters.

Recognize the definition and implications of offshoring on manufacturing and logistics.

---

Definitions:

Budgeting

The process of creating a plan to allocate resources (revenue and expenses) for a specific period, typically used for financial planning and control.

Activity Variances

Differences between the planned or budgeted amounts of costs and revenues and the actual amounts incurred, driven by variations in business activities.

Customers Served

The number of customers a business or service has provided for or sold to during a specific period, indicating the reach or impact of the business.

Revenue Formulas

Mathematical equations or models used to calculate the total income generated from sales of goods or services before any costs or expenses are deducted.