business calculations Flashcards
1
Q
REVENUE
A
selling price per unit x number of units sold
2
Q
VARIABLE COSTS
A
variable cost per unit x number of units sold
3
Q
TOTAL COSTS
A
fixed costs + variable costs
4
Q
PROFIT
A
total revenue - total costs
5
Q
MARKET GROWTH
A
(change in size of the market over a period/original size of market) x 100
6
Q
MARKET SHARE
A
(sales of one product/total sales in the market) x 100
7
Q
ADDED VALUE
A
sales rev - cost of bought-in goods and services
8
Q
LABOUR PRODUCTIVITY
A
output over a time period/ number of employees
9
Q
added value, stages of production, niche and mass marketing, e commerce, ped, yed, leadrship styles and marketing mix
A
