Extra Flashcards
1
Q
Are shareholders internal or external stakeholders
A
Internal
2
Q
What are economies of scale
A
Factors that lead to a reduction in average costs as a business increases in size
3
Q
What will banks have instead of selling prices
A
Interest rates
4
Q
2 other names for income statement
A
Profit and loss account
Statement of comprehensive income
5
Q
Co operative
A
People who work in the business are owners as well
