1
Q
Gross Profit
A
Gross profit = revenue - cost of sales
2
Q
Gross Margin
A
Gross margin (%) = gross profit / revenue
3
Q
Revenue
A
Revenue = average selling price x quantity sold
4
Q
Operating profit
A
Operating profit = revenue - total costs
Operating profit = gross profit - India¡rect costs
5
Q
Break-even output
A
Fixed costs / Contribution per unit
6
Q
Contribution per unit
A
Selling price – variable costs per unit
BUSINESS AS LEVEL
flashcards
Decks in class (35)
# Cards
-
FORMULAS6
-
3 business definitions section 328
-
3 Marketing & Decision-making 116
-
3 Marketing & Competitiveness 125
-
3 Understanding markets 148
-
3 Marketing Research 1518
-
3 Interpreting Marketing Data 1610
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3 Price & Income elasticity of demand 1712
-
3 Segmentation, Targeting & Positioning 198
-
3 Niche & Mass marketing 209
-
3 Market mix: the 7 P´s 214
-
3 Product decisions: product life cycle & product portfolio 2217
-
3 Pricing decisions 2316
-
4 Improving Quality 3215
-
4 Managing Supply Chains 3312
-
4 Managing Inventory 3422
-
4 Decision-Making to Improve Operational Performance 350
-
4 Definitions Section 40
-
5 Financial Objectives 3610
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5 Calculating Revenue, Costs and Profit 373
-
5 Break-even Analysis 3811
-
5 Cash Flow Management & Forecasting 3910
-
5 Budgets & Budgeting 406
-
5 Profit & how to increase it 4112
-
5 Cash Flow VS Profit 423
-
5 Sources of finance 4316
-
5 Decision-making to improve financial performance 440
-
6 Setting Human Resources (HR) Objectives 4520
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6 Motivation & Engagement in theory 460
-
6 Motivation and Engagement in practice 475
-
6 Improving Organizational Design 480
-
6 Managing the Human Resource Flow 490
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6 Improving employer - employee Relations 500
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6 Analysing Human Resources Performance 510
-
6 Decision-Making & Improved Human Resources Performance 520
