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10 Cards in this Set
- Front
- Back
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Added Value
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The difference between the price of a good or service and the cost of its material inputs.
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Assets
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Anything that is useful or valuable to a business, including buildings, machines, brands etc.
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Autocratic leadership
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Decisions are made by the owner or manager, with no or little consultation with others.
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Brand
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The name or symbol associated with a product or service, adding value and increasing consumer loyalty.
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Break-even point
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The level of output; where total costs are equal to total revenue and no profit or loss is made.
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Capacity Utilisation
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Measures what proportion or percentage of the maximum possible output is actually produced. Actual level of output/ maximum possible output x 100.
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Cash flow forecast
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Projects future cash inflows and outflows of cash month by month, identifying times when cash may be short.
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