Equations Flashcards
1
Q
Labour turnover
A
Number of staff leaving / av. Number employed
2
Q
Labour productivity
A
Output per period/ no. Employees at work
3
Q
Return on capital
A
(Net profit/ capital invested) x 100
4
Q
Net profit
A
Total revenue- total expenses
5
Q
Net profit margin
A
(Net profit / sales) x 100
6
Q
Capacity utilisation
A
Actual level of output / maximum possible output
7
Q
Elasticity of demand
A
% change in quantity demanded / % change in price
8
Q
Absenteeism
A
Number of days taken unauthorised / total days worked by workforce
