Business Studies Maths

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Added Value
Sales Revenue - costs of bought-in goods and services
1 of 12
Market Size (£)
Total number of units sold in the market x average selling price
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Market Size (Units)
Volume = amount total number of units sold in the market
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Market Growth
Change in market size/ original market size x100
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Market Share
Sales of a product or business/ total sales in the market x 100
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Total Revenue
Selling price per unit x number of units sold
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Total Costs
Fixed costs + Variable costs
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Total Variable Costs
Variable costs per unit x number of units produced or sold
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Profit
Total revenue - total costs
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Contribution (per unit)
Selling price per unit - variable costs per unit
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Total Contribution
Contribution per unit x units produced or sold OR total revenue - total variable costs
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Break Even Output
Fixed costs/ contribution per unit
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Other cards in this set

Card 2

Front

Total number of units sold in the market x average selling price

Back

Market Size (£)

Card 3

Front

Volume = amount total number of units sold in the market

Back

Preview of the back of card 3

Card 4

Front

Change in market size/ original market size x100

Back

Preview of the back of card 4

Card 5

Front

Sales of a product or business/ total sales in the market x 100

Back

Preview of the back of card 5
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