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12 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Assets |
An asset is a useful item of property owned by a business that is regarded as having value. |
Liabilities (The state of bein legally responsible for something) + Equity (The quality if being fair) |
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Net Profit |
The actual profit made on a business transaction; after deducting all costs from gross receipts. |
Operating Profit - Interest |
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Capacity Utilisation |
This measures the extent to which the productive capacity of a business is being used. |
[ Actual level of output/Maximum level of output ] x 100 |
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Gross Profit |
This is the amount of profit made after tax reductions |
Sales revenue - Cost of sales |
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Market Growth Rate |
An increase in the demand for a particular product or service over time. |
(Change in market size / Original Market size ) * 100 |
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Market Share (Percentage) |
Market share is the percentage of a market accounted for by a specific entity/ Organisation. |
( The product sales / Total Market sales ) * 100 |
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Market Size (units) |
Market size is a measurement of the total volume of a given market. |
Quantity sold * Average selling Price |
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Market Size (% change) |
The percentage change in the market size. |
(Difference in sales / Old Figure) * 100
Difference in sales; New sales figure - Old sales figure |
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Labour Turnover |
This is the proportion of the labourforce that leaves throughout the course of a year. |
( Number of employees that leave during period / Average number employed during period ) * 100 |
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Labour Productivity |
This is the rate of output per worker, per unit of time. |
The amount of output per period (units) / Number of employed at work |
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Capital Productivity |
This is the outout per unit per capita |
( Current output / Capital employed ) * 100 |
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Operating profit |
Abc |
Gross Profit - Overheads |
