sdffdf 0.0 / 5 ? Business StudiesFinanceGCSEEdexcel Created by: beckychorltonCreated on: 02-03-14 13:41 profit total revenue - total costs, profit is the money the business has left after its costs have been deducted from its revenue 1 of 30 total revenue price x quantity sold, the money that comes into the business from sales 2 of 30 calculation for total costs fixed costs + variable costs 3 of 30 calculation for variable costs variable cost per unit x units made/sold 4 of 30 calculation for net cash flow total receipts - total payments 5 of 30 calculation for closing balance net cash flow + opening balance 6 of 30 break even point fixed costs divided by contribution, when total costs is the same as total revenue 7 of 30 contribution price- variable cost per unit 8 of 30 calculation for margin of safety actual output - break even point 9 of 30 added value the increased worth that a business creates for a product 10 of 30 overdraft when you continue spending when your bank balance reaches 0 11 of 30 grants money thats dispersed by the government to companies in exchange for something to be returned - for example them being sustainable 12 of 30 leasing a contract called for the user to pay the owner for use of an asset 13 of 30 retained profit profit that stays in the business and isn't payed out to shareholders 14 of 30 loans amount of money borrowed from a bank 15 of 30 limited liability the owners are only responsible for what they invest in the business originally 16 of 30 unlimited liability the owners have to pay back all the debts of the business 17 of 30 spiced strong pound imports cheap exports dearer 18 of 30 how to improve cash flow 1) destocking, 2) offering less credit 3)cheaper supplier 4)reduce stock orders 5)reduce workforce 19 of 30 market research the process of gaining information about customers,competitors and market trends through collecting primary and secondary data 20 of 30 business cycle a cycle in which the economy grows and then contracts 21 of 30 trade credit buying something and paying the supplier at a later data 22 of 30 marketing mix price, product, place, promotion 23 of 30 venture capital when an investor invests money in a new or expanding business 24 of 30 share capital when shares are bought on the stock market and shareholders buy them putting money into the business 25 of 30 economy the economic activity carried out by people and business in a country 26 of 30 quantitative data data in a numerical form 27 of 30 usp unique selling point 28 of 30 market a place where people come together to exchange goods or services 29 of 30 marketing the managing process that is responsible for identifying, anticipating and satisfying customer needs 30 of 30
Comments
No comments have yet been made