Flashcards
Key Terms - Business
Cards in this deck (5)
- 1Profit MaximisationWhen a business tries to achieve the maximum profit with low running costs
- 2Profit OptimisationWhen a business tries to find an alternative with the most cost effective/highest achievable performance under given constraints
- 3Business GrowthImproving some measure of the business' success e.g. sales figures, revenue or profit
- 4SurvivalTrying to stay functioning hopefully with profits, but continuing to exist
- 5—
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- Flashcards on Key Terms - Business, created by M Bathard on 23/12/2016.
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- M Bathard
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