1.3 keywords

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The proportion of sales in a market that are taken by one business
Market share
1 of 24
The amount of revenue left over once costs have been deducted
Profit
2 of 24
Likely to be non-financial, such as to reduce the carbon emissions of a business or improve the quality of life for a local community
Social objectives
3 of 24
The source of regular income that a business receives. This could be through the money it receives from customers, or other seas such investment income
Income stream
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Capable of working or succeeding
Viable
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A financial statement showing the amount of money earned and spent in a particular period and resulting profit and loss
Income statement
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Anyone who has an interest in the activities of a business, such as its workers, its suppliers, the local community and the government
Stakeholder
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The point where revenue received meets all of the costs of the business
Break-even point
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The amount of money that a financial institution or supplier will allow a business to use, which it must pay back in the future at an agreed time
Credit
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Fixed costs that come from running an office, shop or factory, which are not affected by the number of specific products or services that are sold
Overheads
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A business that is unable to pay its debts and/or owes more money than it is owed
Insolvent
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Items that get ‘used up’, such as pens, paper, staples and other items that a business has to replace regularly
Consumables
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A credit arrangement that is offered only to businesses by suppliers
Trade credit
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A facility offered by a bank that allows an account holder to borrow money at short notice
Overdraft
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A written order to a bank to pay an amount of money from an account holder’s account to a specified person
Cheque
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oney to invest in a business is sourced from individuals, or groups of people, who wish to invest their own money into new businesses
Venture capital
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The amount of money that an investor gets back in return for investing a business
Return on investment
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Investors who are part-owners of a company
Shareholders
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Money to invest in a business is raised by the business issuing shares that it then sells to those who wish to invest in the company
Share capital
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A check on the financial status of a business or individual to ensure that the business or the individual has a reliable credit history and does not have any existing outstanding debts
Credit check
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When the lenders asks the borrow to put up an asset, such as a house, or a valuable item owned by the business
Security
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Any item of value that a business owns, such as its machinery or premises
Asset
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A named person who guarantees to pay the repayments on a loan should the person who has taken out the loan not be able to make the payments
Guarantor
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Money that a business keeps, rather than paying out to its shareholders
Retained profit
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Other cards in this set

Card 2

Front

The amount of revenue left over once costs have been deducted

Back

Profit

Card 3

Front

Likely to be non-financial, such as to reduce the carbon emissions of a business or improve the quality of life for a local community

Back

Preview of the front of card 3

Card 4

Front

The source of regular income that a business receives. This could be through the money it receives from customers, or other seas such investment income

Back

Preview of the front of card 4

Card 5

Front

Capable of working or succeeding

Back

Preview of the front of card 5
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