Effective financial management

Beschreibung

Mindmap am Effective financial management, erstellt von Logan Wong am 25/01/2015.
Logan Wong
Mindmap von Logan Wong, aktualisiert more than 1 year ago
Logan Wong
Erstellt von Logan Wong vor fast 10 Jahre
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Zusammenfassung der Ressource

Effective financial management
  1. how to improve cash flow
    1. cash flow- is the movement of money/ cash in and out of the business
    2. how to improve profit
      1. definitions
        1. profit- occours when the revenues of a business are greater than its costs
          1. revenues- the amount of money received from selling goods or services
          2. cutting costs
            1. material costs
              1. labour
                1. investments
                  1. marketing
                  2. increasing revenues
                    1. Revenue= number of products sold x average price
                  3. Break-even charts and break-even analysis
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