business revision

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A factor that influences the choice of location for a business
proximity to market
1 of 7
How do you know if a business will break even?
when on a break even chart total revenue and total costs meet
2 of 7
1 advantage of locating overseas
Cheaper labour
3 of 7
1 disadvantage of locating overseas
Language differences
4 of 7
1 advantage of calculating break even
So you know how long it would take to start making a profit
5 of 7
Give an example of fixed costs
Rent
6 of 7
Give an example of variable costs
Materials e.g. food
7 of 7

Other cards in this set

Card 2

Front

How do you know if a business will break even?

Back

when on a break even chart total revenue and total costs meet

Card 3

Front

1 advantage of locating overseas

Back

Preview of the front of card 3

Card 4

Front

1 disadvantage of locating overseas

Back

Preview of the front of card 4

Card 5

Front

1 advantage of calculating break even

Back

Preview of the front of card 5
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