Business Equations Flashcards
Equations I'm confident on
1
Q
How is Variable Costs calculated?
A
Variable costs per unit x Number of units sold
2
Q
How is Revenue calculated?
A
Selling price x Number of Units Sold
3
Q
How to work out Total Costs
A
Fixed costs + Variable Costs
4
Q
How to work out Market Capitalisation
A
Number of issued shares x current share price
5
Q
How to work out Market Growth
A
Current market size - Previous market size / Original market size
6
Q
How to calculate Market Share
A
Sales of business / Total sales in that market
7
Q
Added Value
A
Sales revenue - Costs of bought in goods and services
8
Q
Labour Productivity
A
Level of output / number of employees
