2.4 financial decisions Flashcards
1
Q
how do you increase revenue
A
advertising market research product range adding value sell overseas sell in more outlets
2
Q
how do you decrease costs
A
buy in bulk
suppliers
profit centers
internet
3
Q
what is financial data
A
important to investors
compared each year
4
Q
what is marketing data
A
make decisions
quantitative data
5
Q
what is market data
A
related information used for the trading of shares
competitors share price
6
Q
limitations of financial information
A
interpretations human error vary not social or environmental historical no qualitative data
7
Q
uses of financial information
A
long term decisions
credit worthy
see if bank will lend
tax paid
8
Q
3 types of data
A
financial, marketing, market
