Business Studies 3.0 / 5 based on 4 ratings ? Business StudiesASAQA Created by: Jess TuckerCreated on: 08-01-13 15:36 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
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