Business Studies - Break-Even

fionastanistreet5177
Mind Map by fionastanistreet5177, updated more than 1 year ago
fionastanistreet5177
Created by fionastanistreet5177 about 7 years ago
37
0

Description

GCSE Business Mind Map on Business Studies - Break-Even, created by fionastanistreet5177 on 05/04/2013.
Tags

Resource summary

Business Studies - Break-Even
1 Break-Even
1.1 Fixed Assets/(average selling price per unit - variable cost per unit)
1.1.1 F/A-V
1.1.2 Break-Even graphs - Fixed Costs (straight line), Total Costs, Total Sales Revenue
1.1.2.1 Need to label!
1.2 Make a decision about selling...?
1.2.1 Up the price/Lower the price
1.2.1.1 More profit, may lose customers as price has suddenly increased
1.2.1.2 Risk, Advertise more, attract new customers, flood of customers = more profit
1.2.2 Knows when making a profit
1.2.3 Knows how much of an item needs to be sold in order to break-even
Show full summary Hide full summary

Similar

Forms of Business Ownership Quiz
Noah Swanson
Unit 3 Business Studies
Lauren Thrower
Contract Law
sherhui94
AQA Business Unit 1
lauren_binney
What is Marketing?
Stephanie Natasha
Digital Marketing Strategy - The Essentials
Micheal Heffernan
Profit and Loss Accounts
Stuart Smith
Business Studies - AQA - GCSE - Business Studies Key Terms
Josh Anderson
Chapter 18 - Marketing mix(Product & Price)
irene floriane
Market Segementation
Noah Swanson
Business Marketing
s1500782