selecting financial stratergies

HideShow resource information
  • Created by: Yo
  • Created 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

Other cards in this set

Card 2

Front

the impact on finanical objectives and disad on operational and finanical objective

Back

Long term finance, No interest rates and conflict with shareholders profit not cash

Card 3

Front

what is a profit centre ?

Back

Preview of the front of card 3

Card 4

Front

good and bad impact on operation objective

Back

Preview of the front of card 4

Card 5

Front

what is cost minimisation ?

Back

Preview of the front of card 5
View more cards

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all Financial Planning resources »