Business Flashcards 0.0 / 5 ? Business StudiesBusiness PlansASAQA Created by: James RossCreated on: 03-11-13 11:05 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. 1 of 14 Three sources of finance? Loan, trade credit, leasing, mortgage, owners funds, hire purchase. 2 of 14 How can business size be measured? Number of outlets, profit, level of turnover, value of shares. 3 of 14 One cause of cash flow problems? Holding too much stock ties up cash and there is an increased risk that stock cannot be sold. 4 of 14 One solution to cash flow problems? To have an up-to-date and reliable cash flow forecast. 5 of 14 What time period is tactical decision making? Short term. 6 of 14 What time period is strategic decision making? Long term. 7 of 14 Is strategic decision making a non-routine or everyday objective? Non-routine. 8 of 14 Amount of detail involved with tactical decision making? General 9 of 14 How do you calculate closing balance? Opening balance+net cash flow. 10 of 14 What are the inputs of factors of production? Capital, Enterprise, Land and Labour 11 of 14 What two factors affect finance available? Economy, type of a business, size of a business, stability of a business. 12 of 14 Two examples of primary and secondary research? Questionnaires, consumer panels and the internet, trade press. 13 of 14 Three reasons why a business will change their objectives? Consumer taste, economy changing, change in ownership. 14 of 14
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