Business

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  • Created by: user1998
  • Created on: 05-04-14 14:04
Market segment
A group of similar needs within the overall market
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Marketing Mix
Refers to all the activities influencing whether or not a customer buys a product. The Four P's, price, place, promotion, product
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Overdrafts
give entrepreneurs and businesses the right to borrow variable amounts of money up to an agreed limit
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Interest
A payment made in order to borrow money. It means the business pays back more than it borrows.
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Price
The amount a business asks a customer to pay for a product
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Revenue
the income that a firm receives from selling its goods or services
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Sales
refers to the number of products sold by a business
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Costs
the spending that is necessary to set up and run a business
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Profit
The amount by which the businesses revenue from all its sales exceeds its costs
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Loss
the amount by which a business's costs are larger than its revenue from all sales
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Cash flow
The money that flows into and out of a business on a day to day basis
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Cash flow forecast
is a plan of the expected inflows and outflows to and from a business over a period of time
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Cash flow statement
A historical record of the cash inflows and outflows that have taken place over a period of time
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Insolvency
occurs when a business is not able to meet its financial commitments when they are due
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A receiver
a person who takes responsibility for an insolvent business and makes arrangements to pay its debts.
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Other cards in this set

Card 2

Front

Refers to all the activities influencing whether or not a customer buys a product. The Four P's, price, place, promotion, product

Back

Marketing Mix

Card 3

Front

give entrepreneurs and businesses the right to borrow variable amounts of money up to an agreed limit

Back

Preview of the back of card 3

Card 4

Front

A payment made in order to borrow money. It means the business pays back more than it borrows.

Back

Preview of the back of card 4

Card 5

Front

The amount a business asks a customer to pay for a product

Back

Preview of the back of card 5
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