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Description
Flashcards by Ryan Buckley, updated more than 1 year ago
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Created by Ryan Buckley
over 8 years ago
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| Question | Answer |
| Break even | A business breaks even when the total costs of its product equal the revenue from its sales. |
| Efficiency | The best use of resources. |
| Market share | The amount of a market a business has, expressed as a percentage of the total market. |
| Maximisation | Achieving the most of something that is possible. |
| Mission statement | A short phrase that sums up what a company believes in and what it wants to achieve. |
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