This class was created by Brainscape user Ece Ahsak. Visit their profile to learn more about the creator.
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Ece Ahsak
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Decks in this class (14)
2.1.1 Internal finance
Define finance 1,
Reasons for internal finance 2,
Define owners capital 3
11
cards
2.1.2 External finance
Pro family and friends 1,
Con family and friends 2,
Pro banks 3
32
cards
2.1.3 Liability
Define assets 1,
Define current assets 2,
Define long term assets 3
5
cards
2.1.4 Planning
Purpose of a business plan 1,
Define cash flow 2,
Define cash flow forecast 3
8
cards
2.2.1 Sales forecasting
Define sales forecasting 1,
Purpose of sales forecasting 2,
Blank 3
12
cards
2.2.2 Sales, revenue and costs
Define sales volume 1,
Sales volume calculation 2,
Define sales revenue 3
9
cards
2.2.3 Break even
Define break even 1,
Break even calculation 2,
Define contribution 3
8
cards
2.2.4 Budgets
Purpose of budegts 1,
Why are budgets set up 2,
Define budgets 3
12
cards
2.3.1 Profit
Gross profit formula 1,
Define cost of sales 2,
Operating profit formula 3
29
cards
2.3.2 Liquidity
Define assets 1,
Define liability 2,
Define liquidity 3
16
cards
2.3.3 Business failure
Why do new businesses fail becaus...,
Why do new businesses fail due to...,
Why do new businesses fail due to...
9
cards
2.4.2 Capacity utilisation
Define capacity utilisation 1,
What is it normally expected in 2,
What daily decisions must be made 3
10
cards
2.4.3 Stock control
Define stock control 1,
Define buffer stock 2,
Why cant some businesses hold buf...
6
cards
2.4.4 Quality managment
Define quality 1,
Define quality control 2,
Examples of quality control 3
11
cards
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Theme 2 business
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