Business Studies Key terms - Section 1 (only Mission and Balance Sheets) 0.0 / 5 ? Business StudiesBusiness Key TermsA2/A-levelAQA Created by: Rose SoulsbyCreated on: 03-04-17 17:17 businesses overall purpose mission 1 of 21 goals a business sets in order to achieve mission objectives 2 of 21 goals of the business as a whole corporate objectives 3 of 21 objectives for each department or function functional objectives 4 of 21 a medium to long-term plan for achieving a businesses objectives strategy 5 of 21 short-term plans for implementing strategy tatics 6 of 21 the total money that's been put into a business by shareholders total equity 7 of 21 a company's wealth in the form of money or other assets capital 8 of 21 a debt a business owes liability 9 of 21 assets that the business is likely to keep for more than a year non-current assets 10 of 21 assets that the business is likely to exchange for cash within the accounting year current assets 11 of 21 debts which need to be paid off withing a year current liabilities 12 of 21 debts that the business will pay off over several years non-current liabilties 13 of 21 debts which don't get paid bad debts 14 of 21 money available for day-to-day spending working capital 15 of 21 an increase in the price of goods and services inflation 16 of 21 money used to buy fixed assets capital expenditure 17 of 21 someone who owes money to a business debtor 18 of 21 a businesses entire stock inventory 19 of 21 loss of value over time depreciation 20 of 21 the difference between total revenue and total costs profit 21 of 21
Comments
No comments have yet been made