0
Q
Total costs
A
Fixed cost + Variable Cost
1
Q
Total Revenue
A
Price per unit x quantity of units sold
2
Q
Profit
A
Total Revenue - Total Cost
3
Q
Contribution per unit
A
Selling price - variable costs per unit
4
Q
Total contribution
A
Contribution per unit x number of items sold
5
Q
Breakeven output
A
Fixed costs/contribution per unit
6
Q
Margin of safety
A
Current output - breakeven output
7
Q
Profit(2)
A
Total contribution - fixed costs
8
Q
Net cash flow
A
Cash inflows - cash outflows
9
Q
Closing balance
A
Opening balance + net cash flow
10
Q
Profit budget
A
Income - expenditure
11
Q
Market share
A
Sales of one product / total sales in the market x 100
12
Q
Market size
A
Volume & Value
13
Q
Market Growth
A
Change in market size / original market size x100
Business Unit 1
flashcards
Decks in class (12)
# Cards
-
Chapter 1- Enterprise7
-
Chapter 2- Generating And Protecting Business Ideas7
-
Chapter 3- Transforming Rescources Into Goods14
-
Chapter 4- Business plan7
-
Chapter-5 Conducting Market Research22
-
Chapter 6- Understanding Markets15
-
Chapter 7- Choosing The Right Legal Structure12
-
Chapter 8- Raising Finance12
-
Chapter 9-Locating The Business8
-
Chapter 10- Employing People6
-
KEY WORDS20
-
EQUATIONS14
