unit 7 Flashcards
1
Q
what does SWOT stand for?
A
strengths, weaknesses (internal)
opportunity, threat (external)
2
Q
an example of a business being affected by legal and political changes
A
many businesses total cost increased as the minimum national wages increased
3
Q
how do you calculate return on capital employed (ROCE)
A
operating profit/total equity + non - current liabilities x 100
4
Q
how do you calculate receivable days?
A
trade receivables/revenue x 365
