Key Terms - Business

Description

Flashcards on Key Terms - Business, created by M Bathard on 23/12/2016.
M Bathard
Flashcards by M Bathard, updated more than 1 year ago
M Bathard
Created by M Bathard over 7 years ago
14
0

Resource summary

Question Answer
Profit Maximisation When a business tries to achieve the maximum profit with low running costs
Profit Optimisation When a business tries to find an alternative with the most cost effective/highest achievable performance under given constraints
Business Growth Improving some measure of the business' success e.g. sales figures, revenue or profit
Survival Trying to stay functioning hopefully with profits, but continuing to exist
Show full summary Hide full summary

Similar

Theories, Theorists and Tests
sarahsing
AQA Biology 8.1 structure of DNA
Charlotte Hewson
AS Biology Unit 1
lilli.atkin
AQA Business Unit 1
lauren_binney
GCSE Biology AQA
isabellabeaumont
Cells And Cell Techniques - Flashcards (AQA AS-Level Biology)
Henry Kitchen
Germany 1918-39
Cam Burke
Cells - Biology AQA B2.1.1
benadyl10
AQA Biology 12.1 cellular organisation
Charlotte Hewson
TYPES OF DATA
Elliot O'Leary
Forms of Business Ownership Quiz
Noah Swanson