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EDEXCEL BUSINESS for GCSE
Improving cash flow
· All firms need to manage their cash flow
effectively, i.e. ensuring enough cash
inflow to cover cash outflow.
· Cash inflows ­ sales receipts, owner's
capital, loans and overdrafts.
· Cash outflows ­ supplies, wages, rent,
telephone and electricity.
© 2009 Ian Marcousé and Naomi Birchall…read more

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EDEXCEL BUSINESS for GCSE
Ways to improve cash flow
· Encourage customers to pay more
quickly.
· Reduce the level of stocks held
(destocking).
· Negotiate longer credit terms from
suppliers.
· Take out or extend an overdraft.
© 2009 Ian Marcousé and Naomi Birchall…read more

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EDEXCEL BUSINESS for GCSE
Improving profit
· Profit ­ the amount of money left over once
all costs have been paid.
· Profit is an important measure of business
success.
· It provides business owners with a return on
their investment.
· It provides funds for investment.
· It can be improved by reducing costs,
increasing revenue or expanding.
© 2009 Ian Marcousé and Naomi Birchall…read more

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EDEXCEL BUSINESS for GCSE
Methods of improving profit (1)
Reducing costs by:
o finding cheaper suppliers
o reducing the workforce
o reducing wages
o contracting out work
o cutting wastage
o improving labour productivity.
What are the benefits and drawbacks of
doing any of the above?
© 2009 Ian Marcousé and Naomi Birchall…read more

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EDEXCEL BUSINESS for GCSE
Methods of improving profit (2)
Increasing revenue by:
· raising prices
· using promotion to increase sales
· introducing new products.
What are the benefits and drawbacks of doing any
of the above?
© 2009 Ian Marcousé and Naomi Birchall…read more

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Comments

Anisa -Team GR

Very useful :) 

Anisa -Team GR

why is this rated 1 star its very good should be rated 3 stars atleast 

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