Business Flashcards

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What is leasing?
A method of securing and using fixed assets (other than property) without the need for the initial cash outlays needed to purchase the asset.
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Three sources of finance?
Loan, trade credit, leasing, mortgage, owners funds, hire purchase.
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How can business size be measured?
Number of outlets, profit, level of turnover, value of shares.
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One cause of cash flow problems?
Holding too much stock ties up cash and there is an increased risk that stock cannot be sold.
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One solution to cash flow problems?
To have an up-to-date and reliable cash flow forecast.
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What time period is tactical decision making?
Short term.
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What time period is strategic decision making?
Long term.
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Is strategic decision making a non-routine or everyday objective?
Non-routine.
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Amount of detail involved with tactical decision making?
General
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How do you calculate closing balance?
Opening balance+net cash flow.
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What are the inputs of factors of production?
Capital, Enterprise, Land and Labour
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What two factors affect finance available?
Economy, type of a business, size of a business, stability of a business.
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Two examples of primary and secondary research?
Questionnaires, consumer panels and the internet, trade press.
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Three reasons why a business will change their objectives?
Consumer taste, economy changing, change in ownership.
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Other cards in this set

Card 2

Front

Three sources of finance?

Back

Loan, trade credit, leasing, mortgage, owners funds, hire purchase.

Card 3

Front

How can business size be measured?

Back

Preview of the front of card 3

Card 4

Front

One cause of cash flow problems?

Back

Preview of the front of card 4

Card 5

Front

One solution to cash flow problems?

Back

Preview of the front of card 5
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