mvwx uyevxiv viwypxw 6447 erw 7xv fivk 4viwmhirx erh 3
play

*MVWX UYEVXIV VIWYPXW / 6447 ,ERW 7XVFIVK 4VIWMHIRX ERH ')3 - PowerPoint PPT Presentation

*MVWX UYEVXIV VIWYPXW / 6447 ,ERW 7XVFIVK 4VIWMHIRX ERH ')3 -RHYWXV] WLMTQIRXW ERH IWXMQEXIH XVIRH MR HIQERH / 5 5 6447 2SVXL %QIVMGE )YVSTI w 'SVI w 'SVI %WME ETTPMERGIW ETTPMERGIW w 'SVI w :EGYYQ w %MV 0 GSRH 2 ETTPMERGIW GPIERIVW w


  1. *MVWX UYEVXIV VIWYPXW / 6447 ,ERW 7XVÅFIVK 4VIWMHIRX ERH ')3

  2. -RHYWXV] WLMTQIRXW ERH IWXMQEXIH XVIRH MR HIQERH / 5 5 6447 2SVXL %QIVMGE )YVSTI w 'SVI w 'SVI %WME ETTPMERGIW ETTPMERGIW w 'SVI w :EGYYQ w %MV 0 GSRH 2 ETTPMERGIW GPIERIVW w :EGYYQ w 3YXHSSV w 4VSJIWWMSREP GPIERIVW 6, TVSHYGXW ETTPMERGIW w 3YXHSSV 5, w 3YXHSSV TVSHYGXW 6, 5, TVSHYGXW 6, &VE^MP %YWXVEPME w ;LMXI KSSHW w ;LMXI KSSHW 5, 'SRWYQIV 4VSHYGXW 6, 4VSJIWWMSREP 4VSHYGXW / I\GP 2 4S[IV 'YXXIVW ERH 5 (MEQSRH 8SSPW

  3. 'SVI ETTPMERGIW / 97% -RHYWXV] YRMX WLMTQIRXW 'LERKI MR ( ZW WEQI TIVMSH TVIZMSYW ]IEV ! *YPP ]IEV ( 59 54 9 4 09 054 5 6 7 8 5 6 7 8 5 6 7 8 5 6 7 8 5 6 7 8 5 6 7 8 5==< 6447 5=== 6444 6445 6446 6

  4. 'SVI ETTPMERGIW / )YVSTI -RHYWXV] YRMX WLMTQIRXW 'LERKI MR ( ZW WEQI TIVMSH TVIZMSYW ]IEV ! *YPP ]IEV ( 43 ; :HVWHUQ 9 (XURSH 7 5 3 05 7RWDO (XURSH 07 .61;( .419( .618( 0319( .31:( .6/:(- 09 4 5 6 7 4 5 6 7 4 5 6 7 4 5 6 7 4 5 6 7 4 5 6 7 6447 5==< 5=== 6444 6445 6446 7 - <7'

  5. 'SVI ETTPMERGIW / )YVSTI -RHYWXV] YRMX WLMTQIRXW 5 5 64473 5 5 6446 = 0 S 0 ] GLERKI 5 5 ;IWXIVR )YVSTI .62;( ( )EWXIVR )YVSTI .;2;( 45 8SXEP )YVSTI .72;( +8 43 58 ; *% '( 9 (8523( 7 (6 3/ 5 )5 ,7 3 6FDQ 05 $7 &+ 07 1/ %( 09 8

  6. 7EPIW ERH IEVRMRKW )\GPYHMRK MXIQW EJJIGXMRK GSQTEVEFMPMX] *YPP ]IEV 5 5 5 5 7)/Q 6446 'LERKI 6446 6447 65/395 66/8;3 0718( 466/483 1HW VDOHV 2SHUDWLQJ LQFRPH 4/:<; 4/<39 081:( ;/498 8 19 81: 9 14 0DUJLQ /( 4/:<; 4/:<: .314( :/<:< ,QFRPH DIWHU ILQDQFLDO LWHPV 8 19 817 9 13 0DUJLQ /( 1HW LQFRPH SHU VKDUH / 6(. 61<8 61:8 .816( 491<3 9DOXH FUHDWLRQ :64 93< .455 6/794 5HWXUQ RQ HTXLW\ /( 4:1; 4917 4;19 5HWXUQ RQ QHW DVVHWV /( 541< 4<14 5519 1HW GHEW 2 HTXLW\ UDWLR 314< 316: 3138 9

  7. )JJIGXW SJ GLERKIW MR I\GLERKI VEXIW SR RIX WEPIW MR 5 5/ 6447 6(.P &RQVXPHU 'XUDEOHV 3URIHVVLRQDO 3URGXFWV 7RWDO 3/333 3 ,QGRRU (XURSH 2XWGRRU 03/833 5HVW RI WKH 04/333 :RUOG 04/833 05/333 05/833 5 5 64473 5 5 6446 1RUWK 06/333 $PHULFD 06/833 07/333 :

  8. 8SXEP +VSYT 56 QSRXLW JMKYVIW ; 6444 /I] (EXE 5 5 6447 5 5 47 5=== 6446 : 7EPIW > 7)/ 76/4:6 Q 0829( 5==< 9 )&-8 > 7)/ 5/;=< Q 6445 3TIVEXMRK 1EVKMR ( 092;( :EPYI GVIEXMSR > 8 5==; 7)/ ;75 5==: 7)/ .566 Q 7 ;%'' 6447 ! 57( TVI 0 XE\ 6 5 4 426: 426< 4274 4276 4278 427: %ZIVEKI 2IX %WWIXW 3 2IX 7EPIW ;

  9. ;SVOMRK GETMXEP ERH GEWL JPS[ 5==; 0 6447 5 5 56 QSRXLW JMKYVIW =/444 5: </444 ;SVOMRK GETMXEP 3 RIX WEPIW / ( ;SVOMRK GETMXEP 3 RIX WEPIW 58 ;/444 'EWL JPS[ / 7)/Q 56 :/444 54 9/444 < 8/444 : 'EWL JPS[ 7/444 8 6/444 6 5/444 4 4 5 8 5 5 5 6 5 7 5 8 5 5 5 6 5 7 5 8 5 5 5 6 5 7 5 8 5 5 5 6 5 7 5 8 5 5 5 6 5 7 5 8 5 5 5 6 5 7 5 8 5 5 5==; 5==< 5=== 6444 6445 6446 6447 'EWL JPS[ > 'EWL JPS[ JVSQ STIVEXMSRW ERH MRZIWXQIRXW I\GP 2 EGUYMWMXMSRW ERH < HMZIWXQIRXW SJ STIVEXMSRW

  10. 3RKSMRK VIWXVYGXYVMRK TVSKVEQW w 8LI VIWXVYGXYVMRK TVSKVEQW ERRSYRGIH MR 6445 ERH 6446 EVI TVSGIIHMRK EGGSVHMRK XS TPER w 'LERKIW MQTPIQIRXIH XS HEXI LEZI MRZSPZIH TIVWSRRIP GYXFEGOW SJ XSXEPP] 9/764 w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

  11. 'SRWYQIV (YVEFPIW / 6IWX SJ XLI ;SVPH 56 QSRXLW JMKYVIW 58 /I] HEXE 5 5 6447 56 7EPIW > 7)/ 6/=4< 05928 ( 54 )&-8 > 7)/ 0564 Q 3TIVEXMRK 1EVKMR ( < w 7YFWXERXMEP HS[RXYVR MR MRGSQI MR 0889 ( -RHME ERH 'LMRE : :EPYI GVIEXMSR > w 6IWXVYGXYVMRK QIEWYVIW SRKSMRK 7)/ 0777 Q 8 7)/ .57 Q 6445 6 6446 6444 4 5 5 47 06 5=== 08 5==< 0: 4274 4278 427< 4286 428: 4294 %ZIVEKI 2IX %WWIXW 3 2IX 7EPIW 44

  12. 7EPIW ERH MRGSQI 0 ETTPMERGIW / 6IWX SJ XLI [SVPH 1EVOIX 7EPIW )&-8 %YWXVEPME 'LMRE -RHME &VE^MP 45

  13. 4VSJIWWMSREP -RHSSV 4VSHYGXW 56 QSRXLW JMKYVIW /I] HEXE 5 5 6447 54 5=== 7EPIW > 7)/ 6/5:9 Q = 06<29 ( 6444 5==< < )&-8 > 7)/ 57< Q 3TIVEXMRK 1EVKMR ( 5 5 47 6446 0682: ( ; :EPYI GVIEXMSR > : 7)/ <5 Q 6445 9 7)/ .94 Q 8 7 w ;IEOIV HIQERH JSV *SSH 7IVZMGI )UYMTQIRX 6 w 7YFWXERXMEP MQTVSZIQIRX MR MRGSQI JSV 5 GSQTVIWWSVW 4 426< 4274 4276 4278 427: 427< 4284 %ZIVEKI 2IX %WWIXW 3 2IX 7EPIW 46

  14. 'SRWYQIV (YVEFPIW / 2SVXL %QIVMGE 56 QSRXLW JMKYVIW ; 6444 /I] HEXE 5 5 6447 5=== 5 5 47 : 7EPIW > 7)/ 56/46< Q 6446 0=29 ( 9 )&-8 > 7)/ ;=< Q 3TIVEXMRK 1EVKMR ( 5==< 0<2= ( 8 :EPYI GVIEXMSR > 7)/ 76: Q 7 6445 7)/ .5= Q 6 w 4SWMXMZI XVIRH MR MRGSQI JSV ETTPMERGIW ERH KEVHIR TVSHYGXW 5 w 4VMGI TVIWWYVI MR JPSSV GEVI TVSHYGXW 4 3 4275 4277 4279 427; 427= %ZIVEKI 2IX %WWIXW 3 2IX 7EPIW 47

  15. 2I[ )PIGXVSPY\ VERKI HMWTPE]IH EX XLI /MXGLIR ) &EXL -RHYWXV] 7LS[ / 97% 48

  16. ,MKLIV STIVEXMRK MRGSQI MR PSGEP GYVVIRG] JSV 'SRWYQIV (YVEFPIW / 2% 6445 1EVKMR / ( 17)/ 6446 6447 56 5/644 1EVKMR 54 5/444 <2= < <44 : :44 :2; :2: :2: 927 82= 8 844 926 6 644 52; 529 4 4 5 WX 5XV 6 RH 5XV 7 VH 5XV 8 XL 5XV 49

  17. 'SRWYQIV (YVEFPIW / )YVSTI 56 QSRXLW JMKYVIW ; 6446 /I] HEXE 5 5 6447 5 5 47 7EPIW > 7)/ 55/=<; Q : 5=== .:2: ( 6445 )&-8 > 7)/ ;54 Q 5==< 9 3TIVEXMRK 1EVKMR ( 6444 .924 ( :EPYI GVIEXMSR > 8 7)/ 879 Q 7)/ .:5 Q 7 6 w 7XVSRK ZSPYQI HIZIPSTQIRX JSV ETTPMERGIW MR )EWXIVR )YVSTI 5 w +SSH TIVJSVQERGI JSV KEVHIR TVSHYGXW 4 425; 425< 425= 4264 4265 4266 4267 4268 4269 %ZIVEKI 2IX %WWIXW 3 2IX 7EPIW 4:

  18. ,MKLIV STIVEXMRK MRGSQI JSV 'SRWYQIV (YVEFPIW / )YVSTI 17)/ 1EVKMR / ( 6445 5/444 54 6446 6447 1EVKMR <44 < ;26 ;29 :2= :44 : :2: :24 92= 925 82< 844 8 825 644 6 4 4 5 WX 5XV 6 RH 5XV 7 VH 5XV 8 XL 5XV 4;

  19. 4VSJIWWMSREP 3YXHSSV 4VSHYGXW 56 QSRXLW JMKYVIW 5: /I] HEXE 5 5 6447 5==<6444 5 5 47 6445 58 7EPIW > 7)/ 6/=94 Q 6446 5=== .592< ( 56 )&-8 > 7)/ 886 Q 3TIVEXMRK 1EVKMR / ( .5829 ( w +SSH ZSPYQI KVS[XL MR GLEMRWE[W ERH 54 :EPYI GVIEXMSR > PERHWGETI IUYMTQIRX 7)/ 6=; Q < w ;IEOIV HIQERH JSV HMQSRH XSSPW ERH 7)/ .= Q TS[IV GYXXIVW : 8 6 4 4278 4274 4276 427: 427< 4284 %ZIVEKI 2IX %WWIXW 3 2IX 7EPIW 4<

  20. 6IZMWIH SYXPSSO JSV JYPP ]IEV l| 2 XLI +VSYT * W STIVEXMRK MRGSQI JSV XLI JYPP ]IEV MW I\TIGXIH XS FI WSQI[LEX PS[IV XLER MR 64462 z w9RGIVXEMRX] VIKEVHMRK QEVOIX GSRHMXMSRW w7YFWXERXMEP HS[RXYVR MR MRGSQI JSV -RHME ERH 'LMRE w4VMGI TVIWWYVI MR JPSSV GEVI w;IEOIV HIQERH JSV JSSH WIVZMGI IUYMTQIRX w9RJEZSYVEFPI GYVVIRG] HIZIPSTQIRX 6ITSVX JSV XLI *MVWX 5YEVXIV SJ 6447 53

  21. 7YQQEV] SJ 5 5/ 6447 2IKEXMZIW 4SWMXMZIW w 7YFWXERXMEP HS[RXYVR w ,MKLIV MRGSQI JSV MR MRGSQI MR -RHME ERH 'SRWYQIV (YVEFPIW 'LMRE MR )YVSTI w 4VMGI TVIWWYVI MR w 'SRXMRYIH TSWMXMZI *PSSV 'EVI / XVIRH MR WEPIW ERH TEVXMGYPEVP] MR XLI 97 MRGSQI JSV ETTPMERGIW MR 2SVXL w ;IEOIV HIQERH JSV %QIVMGE 4VSJIWWMSREP -RHSSV 4VSHYGXW w 4SWMXMZI XVIRH MR MRGSQI JSV 'SRWYQIV 3YXHSSV 4VSHYGXW 54

  22. *EGXSVW EJJIGXMRK JSV[EVH 0 PSSOMRK WXEXIQIRXW )DFWRUV DIIHFWLQJ IRUZDUG 0 ORRNLQJ VWDWHPHQWV 7KLV UHSRUW FRQWDLQV ³IRUZDUG 0 ORRNLQJ´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

Download Presentation
Download Policy: The content available on the website is offered to you 'AS IS' for your personal information and use only. It cannot be commercialized, licensed, or distributed on other websites without prior consent from the author. To download a presentation, simply click this link. If you encounter any difficulties during the download process, it's possible that the publisher has removed the file from their server.

Recommend


More recommend