Business Studies Unit 2 Key Equations 4.0 / 5 based on 5 ratings ? Business StudiesASAQA Created by: Pablo FumeroCreated on: 15-05-13 11:49 What is the correct equation for Labour productivity? Output per period (units) / Number of employees at work 1 of 9 What is the correct equation for Labour turnover? Number of employees leaving / Average number employed during period X100 2 of 9 What is the correct equation for Absenteeism? Number of days off / Total days worked X100 3 of 9 What is the correct equation for Health & safety? Number of working days lost for h&s reasons / total number of possible working days X100 4 of 9 What is the correct equation for Capacity utilisation? Actual level of profit / Maximum possible output X100 5 of 9 What is the correct equation for Net profit margin? Net profit (before tax) / Sales X100 6 of 9 What is the correct equation for Gross profit margin? (Revenue - Cost of goods sold) / Revenue 7 of 9 What is the correct equation for Market Share? The products sales / Total market sales X100 8 of 9 What is the correct equation for Market growth? Change in size / Original market share X100 9 of 9
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