Business Plan Flashcards
1
Q
Break even point
A
Costs are the same as income
2
Q
Variable costs
A
Changes according to activities of business
3
Q
Fixed costs
A
Costs of a business that stays same regardless of sales
4
Q
Ethical
A
Somthing morally correct
5
Q
Competitive edge
A
To be better then competition
6
Q
Trade name
A
Words that identify quality/producer
7
Q
Capital goods
A
Non current assets suck as vehicles or equipment
8
Q
Proceeds
A
Amount gained through profit or sales
