BMGT 301- Midterm Exam Guide - Comprehensive Notes for the exam ( 19 pages long!)

• School: University of Maryland
• Department: Business and Management
• Course: BMGT 301
• Professor: Wei Chen

Document Summary

Primary activities- directly related to production and distribution of the organization"s products and services that create business value for the org and customers. Service: selling the product, ensure product works after purchase. Support activities- support the creation of business value. Walmart"s continuous replenishment system transmits orders to restock directly to the suppliers (low cost & fine tune merchandise to meet customer demands) Make direct access between suppliers and production easier. Use is to help decide how and when to ship things to factories. Keep track of user preferences and recommend things. Select data range, then go to insert --> charts. The pmt (payment) function is used to determine the size of periodic payments to repay a loan or reach an investment goal. Rate = interest rate per period (per month) Nper= total number of payment periods (# of months) in total (months * years) Type=0 means payments made at end of period. Type=1 means payments made at beginning of period.