business key words 0.0 / 5 ? Businessdev. new business ideasmanaging the businessASAQA Created by: LGuy7Created on: 25-04-16 11:53 anything that is useful to the business assets 1 of 23 level of output where neither profit nor loss is being made break even point 2 of 23 document that sets out intentions of a business business plan 3 of 23 movement of cash into and out of the business cash flow 4 of 23 anything of value that can be seized by a lender if loan not repayed collateral 5 of 23 price minus variable cost contribution 6 of 23 person who takes risk of setting up and running new business entrepreneur 7 of 23 costs that do not change with the level of output fixed costs 8 of 23 targeting of a small market segment niche 9 of 23 the amount made between total sales and total costs profit 10 of 23 income of business raised by selling its goods or services revenue 11 of 23 An individual who has interests in a business e.g: owner, employee, shareholder stakeholder 12 of 23 cost of production that varies with output variable costs 13 of 23 refers to a business that have a centralised structure centralisation 14 of 23 spreading decision making powers away from head office throughout organisation decentralisation 15 of 23 how much a variable changes in response to another related variable elasticity 16 of 23 layers of management hierarchy 17 of 23 stock control system that does away with need of large quantity of stock just in time 18 of 23 Japanese word for continuos improvement kaizen 19 of 23 legal way of protecting a product idea or process patent 20 of 23 term used regarding raw materials through work in progress to finished work stock 21 of 23 distinguishes a product or service from its competition trademark 22 of 23 difference between budgeted figure and actual figure variance 23 of 23
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