business 0.0 / 5 ? Business StudiesProfitGCSEAQA Created by: 13mcleodeCreated on: 27-02-18 11:54 What is a start up cost A one time payment at the start of the business e.g buying a wherehouse 1 of 10 What is a running cost Payments that a business has to keep paying e.g utility bills 2 of 10 5 different payment methods Cash, cheque, creedit card, debit card, credit debit 3 of 10 Gross profit margin Gross profit/sales x 100 4 of 10 Net profit margin Net profit/sales x100 5 of 10 Return of capital employed (ROCE) Net profit/capital employed 6 of 10 Current ratio / working capital Current assets/current liability 7 of 10 Acid test ratio Current assets (stock)/current liabilities 8 of 10 What is an expansion cost The cost of expaning the property, production line, staff or developing a new product 9 of 10 What is a renewal cost The cost of fixing a repairing things 10 of 10
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