Business Finacial strategies and accounts 5.0 / 5 based on 5 ratings ? Business StudiesA2/A-levelAQA Created by: flora murungaCreated on: 19-11-12 21:11 29381754610 Across 1. the process by which businesses attempt to maximize profits by keeping costs low (4, 12) 4. someone who owes the business money i.e a customer who has not yet paid (6) 5. a measure of how effectively a business is using its assets to generate sales (5, 8) 6. total assets minus total liabilities [also obtained by non-current assets plus net current liabilities minus non-current liabilities] (3, 7) 8. specific- no confusion about what is required, Measurable- a quantified goal is clear, Agreed- the result of consultation with those involved in their delivery, Realistic- an impossible goal can be demotivating to employees, Time-based (5, 7) 9. A measurable of the ability of a business to meet short-term debts from liquid assets (4, 4, 5) 10. profit after cost of sale had been deducted (5, 6) Down 2. a section of a business for which costs and revenues and therefore profit can be identified (6, 6) 3. resources owned by the business whose value varies as a result of daily business activities, e.g. cash, inventories (7, 6) 7. someone the business owes money to i.e a supplier who has not yet been paid (8)
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