1
Q
Market share equation
A
sales of a business
————————————- x100
total sales in the market
2
Q
PED equation
A
% change in price
3
Q
YED equation
A
% change in income
4
Q
Breakeven equation
A
contribution per unit
5
Q
Contribution equation
A
selling price - variable cost per unit
6
Q
Total contribution equation
A
contribution per unit x number of units sold
7
Q
Margin of safety equation
A
total output - breakeven point
8
Q
GP eqution
A
revenue - cost of sales
9
Q
GP margin equation
A
gross profit
——————– x100
revenue
10
Q
OP equation
A
GP - operating expenses
11
Q
OP margin equation
A
OP
————– x100
revenue
12
Q
NP equation
A
OP - all other expenses
13
Q
NP margin equation
A
NP
————- x100
revenue
14
Q
Working capital equation
A
current assets - current liabilities
15
Q
Productivity equation
A
input per time period
16
Q
Sales volume equation
A
price
17
Q
Sales revenue equation
A
price x quantity
18
Q
Total costs equation
A
fixed costs + variable costs
19
Q
Total variable equation
A
total costs - fixed costs
20
Q
Total variable equation
A
average variable x output
21
Q
Average variable equation
A
output
22
Q
Profit equation
A
total revenue - total costs
23
Q
Current ratio equation
A
current liabilities
24
Q
Acid ratio test equation
A
current liabilities
25
Capital productivity equation
output per time period
----------------------------------
number of machines
26
Capacity utilisation equation
actual output
---------------------------- x 100
maximum output
27
Labour productivity equation
output per time period
--------------------------------------------------
number of workers/hours worked
Business
flashcards
Decks in class (161)
# Cards
-
Exam Techniques6
-
Formulas27
-
The Market(1.1.1)31
-
Key terms (1.1.1)18
-
Market Research(1.1.2)32
-
Key terms (1.1.2)25
-
Market Positioning(1.1.3)15
-
Key terms (1.1.3)6
-
Demand(1.2.1)12
-
Key terms (1.2.1)7
-
Supply(1.2.2)12
-
Key terms (1.2.2)3
-
Markets(1.2.3)1
-
Key terms (1.2.3)4
-
Price Elasticity of Demand-PED(1.2.4)16
-
Key terms (1.2.4)5
-
Income Elasticity of Demand-YED(1.2.5)15
-
Key terms (1.2.5)2
-
Product or Service Design(1.3.1)18
-
Key terms(1.3.1)12
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Branding and Promotion(1.3.2)23
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Key terms(1.3.2)16
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Pricing Strategies(1.3.3)31
-
Key terms(1.3.3)8
-
Distribution(1.3.4)26
-
Key terms(1.3.4)11
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Marketing startegy(1.3.5)31
-
Key terms(1.3.5)10
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Approaches to staffing(1.4.1)28
-
Key terms(1.4.1)11
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Recruitment selection and training(1.4.2)27
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Key terms(1.4.2)7
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Organisational design(1.4.3)20
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Key terms(1.4.3)9
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Motivation and theory in practice(1.4.4)15
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Key terms(1.4.4)22
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Leadership(1.4.5)20
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Key terms(1.4.5)6
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Role of an entrepreneur(1.5.1)10
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Key terms(1.5.1)4
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Entrepreneurial motives and characteristics(1.5.2)9
-
Key terms(1.5.2)7
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Business objectives(1.5.3)10
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Key terms(1.5.3)9
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Forms of business(1.5.4)24
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Key terms(1.5.4)9
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Business choices(1.5.5)5
-
Key terms(1.5.5)2
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Entrepreneur to leader(1.5.6)10
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Key terms(1.5.6)1
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Internal finance(2.1.1)15
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Key terms(2.1.1)5
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External finance(2.1.2)44
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Key terms(2.1.2)12
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Liability(2.1.3)7
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Key terms(2.1.3)3
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Planning(2.1.4)10
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Key terms(2.1.4)8
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Sales forecasting(2.2.1)16
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Key terms(2.2.1)3
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Sales revenue and costs(2.2.2)14
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Key terms(2.2.2)6
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Break even(2.2.3)7
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Key terms(2.2.3)3
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Budgeting(2.2.4)18
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Key terms (2.2.4)6
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Profit (2.3.1)26
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Key terms (2.3.1)12
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Liquidity(2.3.2)15
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Key terms(2.3.2)15
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Business failure(2.3.3)15
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Key terms (2.3.3)5
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Production and productivity(2.4.1)38
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Key terms(2.4.1)9
-
Capacity utilisation(2.4.2)10
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Key terms(2.4.2)5
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Stock control(2.4.3)20
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Key terms(2.4.3)12
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Quality management(2.4.4)16
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Key terms(2.4.4)7
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Economic influences(2.5.1)34
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Key terms(2.5.1)16
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Legislation(2.5.2)21
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Key terms(2.5.2)8
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Competitive environment(2.5.3)4
-
Key terms(2.5.3)1
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Corporate objectives (3.1.1)8
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Key terms (3.1.1)4
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Theories of corporate strategy (3.1.2)25
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Key terms (3.1.2)12
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SWOT analysis (3.1.3)4
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Key terms (3.1.3)1
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Impact of external influences (3.1.4)37
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Key terms (3.1.4)6
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Growth (3.2.1)28
-
Key terms (3.2.1)10
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Mergers and takeovers (3.2.2)29
-
Key terms (3.2.2)4
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Organic growth (3.2.3)15
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Key terms (3.2.3)2
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Reasons for staying small (3.2.4)12
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Key terms (3.2.4)1
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Quantitative sales forecasting (3.3.1)24
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Key terms (3.3.1)7
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Investment appraisal (3.3.2)29
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Key terms (3.3.2)5
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Decision trees (3.3.3)7
-
Key terms (3.3.3)3
-
Critical path analysis (3.3.4)9
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Key terms (3.3.4)6
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Corporate influences (3.4.1)24
-
Key terms (3.4.1)4
-
Corporate culture (3.4.2)3
-
Key terms (3.4.2)0
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Shareholders vs stakeholders (3.4.3)10
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Key terms (3.4.3)0
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Business ethics (3.4.4)12
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Key terms (3.4.4)0
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Interpretation of financial statements (3.5.1)9
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Key terms (3.5.1)0
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Ratio Analysis (3.5.2)12
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Key terms (3.5.2)0
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Human resources (3.5.3)0
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Key terms (3.5.3)0
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Causes and effects of change (3.6.1)0
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Key terms (3.6.1)0
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Key factors in change (3.6.2)0
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Scenario planning (3.6.3)0
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Key terms (3.6.3)0
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Growing economies (4.1.1)0
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Key terms (4.1.1)0
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International trade and business growth (4.1.2)0
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Key terms (4.1.2)0
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Factors contributing to increased globalisation (4.1.3)0
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Key terms (4.1.3)0
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Protectionism (4.1.4)0
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Key terms (4.1.4)0
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Trading blocs (4.1.5)0
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Key terms (4.1.5)0
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Conditions that prompt trade (4.2.1)0
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Key terms (4.2.1)0
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Assessment of a country as a market (4.2.2)0
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Key terms (4.2.2)0
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Assessment of a country as a production location (4.2.3)0
-
Key terms (4.2.3)0
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Reasons for global mergers or joint ventures (4.2.4)0
-
Key terms (4.2.4)0
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Global competitiveness (4.2.5)16
-
Key terms (4.2.5)0
-
Marketing (4.3.1)0
-
Key terms (4.3.1)0
-
Niche markets (4.3.2)0
-
Key terms (4.3.2)0
-
Cultural/social factors (4.3.3)1
-
Key terms (4.3.3)0
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The impact of MNCs (4.4.1)0
-
Key terms (4.4.1)0
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Ethics (4.4.2)0
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Key terms (4.4.2)0
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Controlling MNCs (4.4.3)0
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Key terms (4.4.3)0
