Quantitive skills Flashcards
1
Q
revenue
A
amount of products customer buy form biz
- > quantitiy bought *price of product
2
Q
profits
A
revenue - total costs
3
Q
total costs
A
fix cost + variable cost s
4
Q
fixed cost and variable costs
A
fixed - >business costs, such as rent, that are constant whatever the amount of goods produced
variable ->an expense that changes in proportion to how much a company produces or sells.
5
Q
Break even
A
when total sales of biz = total costs
6
Q
margin of safty
A
actual output - breakeven output = margin of safty
7
Q
Contribution per unit
A
revenue - v.c = doubt
8
Q
A
