More cards in this set

price minus variable cost

person who takes risk of setting up and running new business

costs that do not change with the level of output

targeting of a small market segment

the amount made between total sales and total costs

income of business raised by selling its goods or services

An individual who has interests in a business e.g: owner, employee, shareholder

cost of production that varies with output

refers to a business that have a centralised structure

spreading decision making powers away from head office throughout organisation