Business Studies

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Market Size
Volume of sales of a product or the value of sales revenue of a product.
1 of 10
Market Growth
the percentage change in sales over a period of time.
2 of 10
Market share =
(sales of one product/brand/company) ÷ total sales in market x 100.
3 of 10
Revenue
= selling price x quantity sold.
4 of 10
Profit
= total revenue – total costs
5 of 10
Margin of Safety
= total output/customers – breakeven point
6 of 10
Contribution per unit
= selling price – variable costs per unit
7 of 10
Breakeven
= fixed costs ÷ contribution per unit
8 of 10
Total Contribution
= unit contribution x no. of units sold
9 of 10
Profit
= total contribution – fixed costs
10 of 10

Other cards in this set

Card 2

Front

Market Growth

Back

the percentage change in sales over a period of time.

Card 3

Front

Market share =

Back

Preview of the front of card 3

Card 4

Front

Revenue

Back

Preview of the front of card 4

Card 5

Front

Profit

Back

Preview of the front of card 5
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