Break Even point FC / (SP - VC) Trade shows Below the line promotion Adverse budget variance Budgeted costs = £1,200 Actual costs = £1,500 Favourable budget variance Budgeted sales = £600 Actual sales = £1,000 Price penetration Set a lower initial price, then gradually increase it. Net profit margin Net Profit / Revenue x 100 = ? Variable cost A cost which changes in relation to output Fixed cost Rent is an example of this... Current ratio CA / CL Net cash flow Cash inflows - cash outflows Price skimming Setting a high initial price, then lowering over time Gross profit Revenue - Cost of Sales = ? Payment remittance Financial document stating that an invoice has been paid. Purchase order Document used to confirm an order Goods received note Financial document sent by the buyer once the goods have been received. Niche market Targeting a smaller segment of a larger market Growth Stage of the Product Life Cycle Delaying payment to suppliers A method to improve negative cashflow Pop-up advert Example of digital marketing Psychographic segmentation Targeting a customer based on their attitudes and values Net current assets Current assets - current liabilities Margin of safety The difference between your actual output and your BEP Age Demographic variable TV advertising Above the line promotion Start- up costs Resources that are purchased before a business can begin operating Break Even point FC / (SP - VC) Trade shows Below the line promotion Adverse budget variance Budgeted costs = £1,200 Actual costs = £1,500 Favourable budget variance Budgeted sales = £600 Actual sales = £1,000 Price penetration Set a lower initial price, then gradually increase it. Net profit margin Net Profit / Revenue x 100 = ? Variable cost A cost which changes in relation to output Fixed cost Rent is an example of this... Current ratio CA / CL Net cash flow Cash inflows - cash outflows Price skimming Setting a high initial price, then lowering over time Gross profit Revenue - Cost of Sales = ? Payment remittance Financial document stating that an invoice has been paid. Purchase order Document used to confirm an order Goods received note Financial document sent by the buyer once the goods have been received. Niche market Targeting a smaller segment of a larger market Growth Stage of the Product Life Cycle Delaying payment to suppliers A method to improve negative cashflow Pop-up advert Example of digital marketing Psychographic segmentation Targeting a customer based on their attitudes and values Net current assets Current assets - current liabilities Margin of safety The difference between your actual output and your BEP Age Demographic variable TV advertising Above the line promotion Start- up costs Resources that are purchased before a business can begin operating
(Print)
FC / (SP - VC)
Below the line promotion
Budgeted costs = £1,200 Actual costs = £1,500
Budgeted sales = £600 Actual sales = £1,000
Set a lower initial price, then gradually increase it.
Net Profit / Revenue x 100 = ?
A cost which changes in relation to output
Rent is an example of this...
CA / CL
Cash inflows - cash outflows
Setting a high initial price, then lowering over time
Revenue - Cost of Sales = ?
Financial document stating that an invoice has been paid.
Document used to confirm an order
Financial document sent by the buyer once the goods have been received.
Targeting a smaller segment of a larger market
Stage of the Product Life Cycle
A method to improve negative cashflow
Example of digital marketing
Targeting a customer based on their attitudes and values
Current assets - current liabilities
The difference between your actual output and your BEP
Demographic variable
Above the line promotion
Resources that are purchased before a business can begin operating
