buss1
- Created by: x12jjoseph
- Created on: 23-04-14 14:04
Other questions in this quiz
2. Cash flow forecast
- A projection, usually by week or month, of the likely cash inflows and outflows in a business
- The movements of cash into (“inflows”) and out of (“outflows”) a business
- A detailed plan of income and expenses expected over a certain period of time
- The amount of a product or service that customers are willing and able to pay at a given time
3. Patent
- The cost of a decision as measured by the benefits foregone of the next best alternative
- A word, symbol, or phrase used to identify a particular company’s product and differentiate it from other companies’ products
- The right to be the only user of producer of a specified product or process
- The process by which new businesses are formed in order to offer products and services in a marke
4. Working capital
- The amount of money that a business has available to conduct its day-to-day activities
- The difference between total sales and total costs
- Costs that vary directly in proportion to output
- The income or sales that a business achieves in a period.
5. Niche market
- Any place (e.g. physical, electronic) where buyers and sellers come together with a view to exchanging transactions
- The process of dividing a market into smaller sections (segments) segmentation which contain customers with similar needs and wants
- A smaller part of a larger market in which customers have more specific needs and wants.
- The resources (land, labour, capital, enterprise) that go into producing goods and services
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