Pages 21-30

Question 0

what is a cash flow forecast

Answer 0

predicting the flow of cash in a business over time

Question 1

what is cash flow

Answer 1

money going in and out of a business

Question 2

what are inflows/receipts

Answer 2

money going in eg cash from sales or bank loans

Question 3

what are outflows/payments

Answer 3

money going out eg to suppliers or advertising

Question 4

what is net cash flow

Answer 4

the inflows or receipts minus it’s outflows or payments

Question 5

what is a share

Answer 5

it’s part ownership of a business

Question 6

what are short term finance sources

Answer 6

sources that can be repaid immediately or within a year

Question 7

what are the four elements to the marketing mix

Answer 7

place product price promotion

Question 8

what is unlimited liability

Answer 8

sole traders are legally responsible for debts

Question 9

what is limited liability

Answer 9

owners are not responsible for debts. the debts are the businesses, not one person

Question 10

what is customer satisfaction

Answer 10

a measure of how much a business or it’s products meet the customer expectations