business 0.0 / 5 ? Business StudiesformulaASAQA Created by: FergusPCreated on: 28-03-17 16:46 Total costs Fixed Costs + Variable Costs 1 of 19 Profit Total Revenue - Total Costs 2 of 19 Variable Costs Variable Cost per Unit X No of units sold 3 of 19 Total Revenue Selling price of Unit X no of units sold 4 of 19 market capitalisation of a Business No of issued shares X current share price 5 of 19 Expected value of a decision with two possible outcomes - A & B (Pay-off of A x Probability of A)+(pay-off of B x Probability of A) 6 of 19 Net gain Expected value - initial cost of decision 7 of 19 market size (volume) quantity of goods and services produced in a particular market over a period of time 8 of 19 market size (value) total sales revenue generated from selling all of the goods and services produced in a particular market over a period of time 9 of 19 Sales Volume quantity of goods and services produced by a particular business over a period of time 10 of 19 Sales Value total sales revenue of a particular business over a period of time 11 of 19 Market growth % in year'X (Change in the size of the market between year X-1 and year X // Size of the market in year (X-1)) × 100 12 of 19 Sales growth % in year'X (Change in sales of product or business between year X-1 and year X // Sales of product or business in year (X-1)) × 100 13 of 19 Market share % (Sales of one product OR brand OR business // Total sales in the market) × 100 14 of 19 Price elasticity of demand Percentage change in quantity demand // Percentage change price 15 of 19 Added value (value added) = Sales revenue-costs of bought-in goods and services 16 of 19 Labour productivity Output per time period // No. of employees 17 of 19 Unit Costs (average costs) Total costs of production // no of units of output produced 18 of 19 Capacity Utilisation (Actual output in a given time period // Maximum possible output in a given time period) × 100 19 of 19
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