business studies

HideShow resource information
  • Created by: Aneeka
  • Created on: 15-11-13 12:29
Adding value
A process through which a business increases the worth of the resources included in production so that customers perceive the product to be worth more than the cost of the inputs
1 of 5
Adviser
An external contact of a business that provides support and advice, sometimes for free
2 of 5
Bank loan
A fixed amount loan from a bank which is generally used to finance long-term assets
3 of 5
Bank overdraft
Borrowings from a bank on a current account which are payable on demand
4 of 5
Breakeven output (or point)
The point at which the total sales of a business equal total costs -i.e. the business is making neither a profit nor a loss
5 of 5

Other cards in this set

Card 2

Front

An external contact of a business that provides support and advice, sometimes for free

Back

Adviser

Card 3

Front

A fixed amount loan from a bank which is generally used to finance long-term assets

Back

Preview of the back of card 3

Card 4

Front

Borrowings from a bank on a current account which are payable on demand

Back

Preview of the back of card 4

Card 5

Front

The point at which the total sales of a business equal total costs -i.e. the business is making neither a profit nor a loss

Back

Preview of the back of card 5

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all Business Plans resources »