Definitions Flashcards
These are reductions offered to customers making a product or service cheaper, often applied as a percentage
Invoice discounting
This is a GOVT organisation set up to offer free and impartial financial advice in the UK
Money Advice Service
This is an organisation run by charities that offers advice on a wide range of issues both financial and non financial
Citizens Advice
Non-current assets a business is likely to keep for more than one year such and machinery and vehicles
Purchase of assets
These are organisations that handles financial transactions and store money on behalf of their members
Building Societies
Items of value that are owned by the business and likely to stay within the business for more than one year
Non current assets
Money invested from entrepreneurs or shareholders when a business is first set up or looks to expand
Capital introduced
GOVT security that offers no interest or capital gain but is entered in regular draws for cash prizes
Premium Bonds
Total amount of money coming in from sales
Total revenue
The money invested by the owners or other investors that is used to set up the business of buy additional equipment
Capital Income
A form of debt issued by the GOVT
Gilt
Items of value owned by a business that are likely to stay in the business for more than one year. Also known as non-current assets.
Fixed Assets
To protect people within the building who may be harmed or injured from an event such as an accident.
Public liability insurance
This covers a whole range of costs associated with attracting the customer and convincing them to make a purchase.
Marketing
The money coming in from the sale of goods and services
Sales
