Theme 1 Calculations Flashcards
1
Q
Revenue
A
Quantity sold x price
2
Q
Profit
A
Total revenue - total costs
3
Q
PED
A
%change in QD
———————
%change in price
4
Q
YED
A
%change in QD
———————
%change in income
5
Q
Market share
A
Sales of a business
————————— x100
Total market sales
6
Q
Market size
A
Total sales - value + volume
7
Q
Net cash flow
A
Inflows - outflows
8
Q
Added value
A
Selling price - total costs of producing products
9
Q
Mark up
A
Unit cost x percentage mark up
