1912034
Description
Mind Map by Logan Wong, updated more than 1 year ago
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Created by Logan Wong
over 9 years ago
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Effective financial management
- how to improve cash flow
- cash flow- is the
movement of money/
cash in and out of the
business
- cash flow- is the
movement of money/
cash in and out of the
business
- how to improve profit
- definitions
- profit- occours when the
revenues of a business are
greater than its costs
- revenues- the amount of
money received from
selling goods or services
- profit- occours when the
revenues of a business are
greater than its costs
- cutting costs
- material costs
- labour
- investments
- marketing
- material costs
- increasing revenues
- Revenue= number of products sold x average price
- Revenue= number of products sold x average price
- definitions
- Break-even charts and break-even
analysis
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