Physical Resources Flashcards
1
Q
What are physical resources?
A
Any new items, such as equipment or machinery, that the business needs to buy to trade.
2
Q
Define the phrase ‘capital expenditure’.
A
Items that are brought as a one-off payment, usually items that are needed to start off the business.
3
Q
What does the term ‘capital’ mean in the phrase ‘capital expenditure’?
A
It describes the money that is used to invest in a business.
4
Q
Define the phrase ‘revenue expenditure’.
A
Items that are brought regularly.
5
Q
What does the term ‘revenue’ mean in the phrase ‘revenue expenditure’.
A
It is to do with the money the business makes.
