Business Revision

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What Is meant by the term adding value?
Increasing the worth of a product
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What is the equation needed work out break even output?
Break even output= Fixed Costs / total contribution
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What is the equation needed work out market share?
Market share(%)= Sales of a business / total sales of the market * 100
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How long does a Copyright protect a work for?
It protects a recorded work for the lifetime of the original Author
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What key features define a Private limited company (Ltd)?
A company that is owned by 2 or more share holders.
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Other cards in this set

Card 2

Front

What is the equation needed work out break even output?

Back

Break even output= Fixed Costs / total contribution

Card 3

Front

What is the equation needed work out market share?

Back

Preview of the front of card 3

Card 4

Front

How long does a Copyright protect a work for?

Back

Preview of the front of card 4

Card 5

Front

What key features define a Private limited company (Ltd)?

Back

Preview of the front of card 5

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