selecting financial stratergies 0.0 / 5 ? Business StudiesFinancial PlanningA2/A-levelAQA Created by: YoCreated on: 19-03-14 18:18 what is retaining profit? profit kept by the business after all the expenses/tax/dividend have been paid 1 of 6 the impact on finanical objectives and disad on operational and finanical objective Long term finance, No interest rates and conflict with shareholders profit not cash 2 of 6 what is a profit centre ? seprate division that has it's on costs and revenues 3 of 6 good and bad impact on operation objective Decentralised decision making and Difficult communication and coordination 4 of 6 what is cost minimisation ? providing the a certain level of service for the lowest cost 5 of 6 good impact on operational and finanical objectives Reducing cost and labour turnover (cost to get new staff) 6 of 6
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