Business Studdies Flashcards
1
Q
What is a calculated risk?
A
A calculated risk is a chance that you take that you are not sure if it will be successful or not
2
Q
What is
Primary research:
Secondary research:
A
Primary research is done by your company or your self
Secondary research is desk research done by other company’s or people
3
Q
What is cash flow?
A
It is the mine flowing in and out of your business
4
Q
And example of chase inflow and out flow
A
Cash inflow is money that comes into the business for example a sale
Cash outflow is the money going out for example a purchase or staff wages
5
Q
What is the formula for BEP?
A
Fixed costs
Selling price - variable cost = BEP
Per unit Per unit
6
Q
What is the formula for gross profit margin?
A
Gross profit
Sales revenue x100
