Business, Exam 2
This is all of the stuff you need to know about for you AQA business studies exam. There are going to be 15 questions on each section.
- Created by: steffan doherty
- Created on: 01-05-12 19:20
Other questions in this quiz
2. What is factoring?
- It is were a business can rent a debtor to another business
- It allows a business to sell it's debtors to a specialist debt collector called a factor.
- It allows a business to see how many factors it would take to cause a loss in profit
3. Does factoring reduce profit margins?
- True
- False
4. What is sales and lease back?
- It is were the owner of a asset sells it and leases it back. The business then has got to lease back the product in order to use it.
- It is were a company sells a product then leases it. This means that the customer buys the product but still has to pay the company to use it.
5. How do you calculate net profit margins?
- Net profit divided by sales revenue x 100
- Net profit x sales revenue divided 100
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