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  • Created by: drake18
  • Created on: 02-12-13 12:10
What is market segmentation?
A technique where the market is broken down into smaller sections with similar characteristics
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What is an electronic market?
A market where buyers and sellers combine to exchange goods and services through technology such as the internet, phones, tablets etc.
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How do you calculate sales revenue?
Selling price x Number of items sold
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How do you calculate total costs?
Variable costs + Fixed costs
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How do you calculate profit?
Sales revenue - Total costs
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How do you calculate break-even output?
Fixed costs / (Selling price per unit - Variable cost per unit)
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How do you calculate contribution per unit?
Selling price per unit - Variable cost per unit
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How do you calculate total contribution?
Contribution per unit x Number of items sold
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Other cards in this set

Card 2

Front

What is an electronic market?

Back

A market where buyers and sellers combine to exchange goods and services through technology such as the internet, phones, tablets etc.

Card 3

Front

How do you calculate sales revenue?

Back

Preview of the front of card 3

Card 4

Front

How do you calculate total costs?

Back

Preview of the front of card 4

Card 5

Front

How do you calculate profit?

Back

Preview of the front of card 5
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