Revision Notes

Finance and Production

CAM - computer aided manufacturing

CAD - computer aided design

CIM - computer integrated manufarturing

Outflows exceed inflows - means when you have spent more than you have/earn.

Too much cash - Cash dosent earn any income, so they should invest it or use it to buy resources for the business.

Unexpected Bills - means that cash will be used up. This can cause difficulties when materials and machines cannot be brought.

CSR - corporate social responsibility. Their policy's are....

Fairtrade, Sustainability, Food miles, Carbon footprint, Economic investment.

Advocate means (word of mouth).

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