1
Q
how is market share found?
A
sales of product / total market sales x 100
2
Q
how is profit found?
A
revenue - total costs
Business
flashcards
Decks in class (49)
# Cards
-
Goods/services 1.110
-
Needs/wants2
-
Factors of Production9
-
Opportunity cost2
-
Business Sector4
-
Entrepreneurs 12
-
Ownership types18
-
Business objectives2
-
Stake holders and shareholders18
-
Business planning4
-
Location9
-
nature of business4
-
Costs4
-
Revenue and profit3
-
Internal growth and external growth3
-
economies and diseconomies of scale3
-
customer v consumer3
-
the entrepreneur4
-
business functions7
-
changes in a business environment4
-
shares4
-
business locations6
-
Business planning10
-
key terms26
-
objectives4
-
IMPORTANT EQUATIONS2
-
2.1 Technology4
-
Ethics and environment 2.28
-
the economic climate of business 2.310
-
Globalisation 2.412
-
legislation 2.510
-
competitive environment 2.65
-
3.1 production process13
-
3.2 - the role of procurement14
-
The concept of quality 3.39
-
3.4 Good customer service7
-
Recruitment 3.512
-
4.1 Organised Structures20
-
4.2 Recruitment30
-
4.3 Motivating employees19
-
4.4 training11
-
5.1 Identifying + understanding customers5
-
5.2 Segmentation10
-
5.3 The purpose + methods of market research17
-
5.4 Elements of the marketing mix7
-
6.1 Sources of finance8
-
6.2 Cash flow12
-
6.3 Financial terms + calculations25
-
6.4 Financial statements53
