Business 0.0 / 5 ? Business StudiesMarketing and financeGCSEAQA Created by: user1998Created on: 05-04-14 14:04 Market segment A group of similar needs within the overall market 1 of 15 Marketing Mix Refers to all the activities influencing whether or not a customer buys a product. The Four P's, price, place, promotion, product 2 of 15 Overdrafts give entrepreneurs and businesses the right to borrow variable amounts of money up to an agreed limit 3 of 15 Interest A payment made in order to borrow money. It means the business pays back more than it borrows. 4 of 15 Price The amount a business asks a customer to pay for a product 5 of 15 Revenue the income that a firm receives from selling its goods or services 6 of 15 Sales refers to the number of products sold by a business 7 of 15 Costs the spending that is necessary to set up and run a business 8 of 15 Profit The amount by which the businesses revenue from all its sales exceeds its costs 9 of 15 Loss the amount by which a business's costs are larger than its revenue from all sales 10 of 15 Cash flow The money that flows into and out of a business on a day to day basis 11 of 15 Cash flow forecast is a plan of the expected inflows and outflows to and from a business over a period of time 12 of 15 Cash flow statement A historical record of the cash inflows and outflows that have taken place over a period of time 13 of 15 Insolvency occurs when a business is not able to meet its financial commitments when they are due 14 of 15 A receiver a person who takes responsibility for an insolvent business and makes arrangements to pay its debts. 15 of 15
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