Finance Flashcards
(9 cards)
1
Q
What is trade credit
A
An agreement with the supplier that allows the buisness to pay at a later date
2
Q
What is over draft
A
Allows you to take out more money than whats in your account
3
Q
What is a retrospective discount
A
A discount recieved after paying full amount for the supplys
4
Q
What is venture capital
A
Money saved from a group or person that they are willing to fund a new buisness in exchange for share of the profits
5
Q
What is retained profit
A
When a buisness makes profit and reinvests it back into the buisness
6
Q
A
7
Q
5 stages of product lifestyle
A
Development
Introduction
Growth
Maturity
Decline
8
Q
Gwo to work out revnue
A
Price x quantity sold
9
Q
How to work out total cost
A
Fixed cost plus variable cost
