1.3 - Putting a Business Idea Into Practice Flashcards
Business aims and objectives Business revenues, costs and profits Revenue and Profit Cash and cash-flow Sources of business finance
1
Q
Revenue
A
The income from sales; price x quantity sold
2
Q
Profit
A
The difference between costs and revenue
3
Q
Cash-flow
A
The money that flows into and out of a business
4
Q
Finance
A
The money that is necessary to start and run a business
