Breakeven Point - Occurs where total cost is equal to total revenue.
Total revenue - is the number of items sold multiplied by the selling price
dividends - are part of the profits made by the company and paid to shareholders
liquidity - is the ability of the business to change assets into cash quickly. A factory is not a liquid asset but debtors may be.
High purchase - involves a business or an individual buying an asset over a long period. each month a regular payment is made until, by the end of the period, the whole amount is paid and the business owns the asset.
collateral - is security provided by a business just in case the business is unable to repay its loan, e.g. you may borrow some money against the security of the factory or office premises.
Economies of scale - are the reasons why the average cost of production may fall with increasing levels of output.
externalities - are costs or benefits arising from business activity that are experienced by people or organizations outside the firm.
decentralization - means unsuring that decisions are taken at a level as close as possible to the people whom they will affect.
transnational - enterprises are those that have business interests in several countries.
GDP - is a measure of the value of total output from all the businesses in the economy.