Business Key Definitions Finance 0.0 / 5 ? Business StudiesFinanceGCSEOCR Created by: roshan231Created on: 05-12-18 19:48 Trade credit This is when a business has the goods to sell and agrees to pay at sometime later 1 of 8 share issues money raised from selling shares 2 of 8 variable cost cost that can change depending on output 3 of 8 Gross profit Sales - cost of sales 4 of 8 Net profit net profit = gross profit - cost of operating a business 5 of 8 Gross profit margin Gross profit (over) revenue x 100 6 of 8 Net profit margin net profit (over) revenue x 100 7 of 8 average rate of return (%) measuring and comparing the profitability of an investment 8 of 8
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