Business Studies - Exam 3rd Dec..?

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1. Margin of Safety is what?

  • The difference between the 'break-even point' and the 'current level of output'
  • How safe you can be with your business
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2. Profit?

  • When the revenue is more than the expenditure
  • Expenditure more than the revenue

3. Something the business owes is what?

  • Liabilites
  • Assts

4. Cost of sales?

  • Costs of the products you have brought.
  • the money you make from selling your products.

5. What are start-up costs?

  • The costs the business pays out, when they first start-up their business.
  • Costs which you pay everyday.
  • Costs which you pay the first day of every month


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