Equations Flashcards
Total costs
Fixed costs + Total costs
Profit
Total revenue - Total costs
Variable costs
Variable costs per unit x Units sold
Total revenue
Selling price X Units sold
Market Capitalisation of a business
Number of issues shared X Current share price
Net Gain (Decision Tree)
Expected value - Initial cost
Market growth in year X
(Change in the size of the market between year X-1 and year X)/(Sales of product or business in year X-1)
Sales growth in year X
(Change in sales of product or business between year X-1 and year X/Sales of product or business in year X-1) X 100
Market share
(Sales of a brand or business)/(total sales in market) X100
PED
%change in quantity demanded/%change in price
inelastic product
Added value
Sales revenue-costs of bought in goods and services
