Business Studies 1 Formulas

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ROCE
(Net profit % capital employed) x 100. Tells you what returns (profits) the business has made on the resources available to it. The higher the % the better, arnd. 20% is ideal. Compare with previous years: trend. BE CAUTIOUS of: Low quality profits
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LABOUR PRODUCTIVITY
Output per period % no. of employees. Measures the amount of goods/services produced during a certain period of labour.
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ABSENTEEISM
(No. of staff days lost % no. of working days) x 100. The percentage of days the member of staff has been absent out of all their working days
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LABOUR TURNOVER
(No. of employees left % Total no. of staff employed) x 100. Percentage of staff leaving.
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UNIT COST
Total costs % output
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Other cards in this set

Card 2

Front

Output per period % no. of employees. Measures the amount of goods/services produced during a certain period of labour.

Back

LABOUR PRODUCTIVITY

Card 3

Front

(No. of staff days lost % no. of working days) x 100. The percentage of days the member of staff has been absent out of all their working days

Back

Preview of the back of card 3

Card 4

Front

(No. of employees left % Total no. of staff employed) x 100. Percentage of staff leaving.

Back

Preview of the back of card 4

Card 5

Front

Total costs % output

Back

Preview of the back of card 5

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