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Flashcards Chapter 2

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GCSE Business studies (Flashcards) FlashCards sobre Flashcards Chapter 2, criado por Ryan Buckley em 21-06-2016.
Ryan Buckley
FlashCards por Ryan Buckley, atualizado more than 1 year ago
Ryan Buckley
Criado por Ryan Buckley mais de 10 anos atrás
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Resumo de Recurso

Questão Responda
Break even A business breaks even when the total costs of its product equal the revenue from its sales.
Efficiency The best use of resources.
Market share The amount of a market a business has, expressed as a percentage of the total market.
Maximisation Achieving the most of something that is possible.
Mission statement A short phrase that sums up what a company believes in and what it wants to achieve.

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