The proportion of sales in a market that are taken by one business
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Profit
The amount of revenue left over once costs have been deducted
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Social Objectives
Likely to be nonfinancial,such as to reduce the carbon emissions of a businessor improve the quality of life for a local community
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Income Stream
The source of regular income tthat a business recieves,this could be through the money it recieves from customers, or other seas such as investment income
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Viable
Capable of working or succeeding
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Income Statement
A financial statement showing the amount of money earned and spent in a particular period and resulting profit and loss
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Stakeholder
Anyone who has an interest in the activities of a business,**** as its workers,its suplliers,the local community and the government
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Consumables
Items that get used up, such as pens,paper ,staples and other items that a business has to replace regulary
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Trade Credit
A credit arrangement that is offered only to bussinesses by suppliers
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Overdraft
A facility offered by a bank that allows an account holder to boorow money at short notice
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Cheque
A written oredr to a bank to pay an amont of money from an account to a specified person
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Venture Capital
Money to invest in a business is sourced from individuals, or a groups of people, who wish to invest their own money into new businesses
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Return on Investment
The amount of money that an investor gets back in return for investing a business
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Shareholders
Investors who are part-owners of a company
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Break-even point
The point where revenue recieved meets all of the costs the business
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Share Capital
Money to invest in a business is raised by the business issuing shares that it then sells to those who sish to invest in the company
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Credit
The amount of money that a financial institution or supllier will allow a business to use which it must pay back in the future at an agreed time
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Credit Check
A check on the financial status of a business or individualto ensure that the business or the individual has a reliable credit history and does not have any existing outstanding debts
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Overheads
Fixed costs that come from running an office, shop or factory, which are not affected by the number of specific products or services that are sold
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Security
When the lenders asks the borrow to put up an asset,such as a house or a valuable item owned by the business
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Insolvent
A business that is unable to pay its debts and/or owes more money than it is owed
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Asset
Any item of value that a business owns , such as its machinery or premises
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Guarantor
A named person who guarantees to pay the repayments on a loan should the person who ha staken out the loan not be able to make the payments
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Retained Profit
Money that a business keeps,rather than paying out to its shareholders
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Other cards in this set
Card 2
Front
Profit
Back
The amount of revenue left over once costs have been deducted
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