Flashcards for content: 2.2

Sales Forecast

Consumer income

Consumer trends

Economic growth

Economic variables

Extrapolation

Forecasting

Time series data

Average cost or unit cost

Fixed cost

Long run

Profit

Sales revenue

Sales volume

Semi-variable cost

Short run

Total cost

Total revenue

Variable cost

Break-even

Break-even chart

Break-even output

Break-even point

Contribution

Margin of safety

Budget

Budgetary control

Historical figures

Production cost budget

Sales budget

Variance

Variance analysis

Zero-based budgeting or zero budgeting