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21 Cards in this Set
- Front
- Back
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total costs |
fixed costs + variable costs |
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profit |
total revenue - total costs |
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variable costs (total) |
Variable cost per unit x number of units sold |
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total revenue |
Selling price per unit x Number of units sold |
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market capitalisation of a business |
Number of issued shares x current share price |
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expected value of a decision with two possible outcomes |
TO BE CONTINUED |
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In a decision tree net gain |
Expected value - initial cost of decision |
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market size volume |
quantity of goods and services produced in a particular market over period of time |
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market size value |
the total sales revenue generated from selling all of the goods and services produces in a particular market over period of time |
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sales volume |
the quantity of goods and servides produced by a particular business over a period of time |
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sales value |
the total sales revenue of a particular business over a period of time |
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market growth % in year x |
change in the size of the market between year (x-1) and year x ______________________________________________ Size of market in year (x-1) |
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sales growth % in year x |
change in sales of product or business between year (x-1) and year x ______________________________________________ Sales of product or business in year (x-1) |
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market share % |
sales of one product or brand or business / total sales in the market X 100 |
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price elasticity of demand |
percentage change in quantity demand / percentage change price |
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added value (value added) |
sales revenue - costs of bought in goods and services |
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labour productivity |
output per time period / number of employees |
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unit costs (average costs) |
total cost of production / number of units of output produced |
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capacity utilisation % |
actual output in a given time period / maximum possible output in a given time period X 100 |
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return on investment % |
return on investment £ / cost of the investment £ X 100 |
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gross profit |
sales revenue - costs of sales |
