Thursday, 10 February 2011. In employment, a reward given is to a worker other than extra pay. Many non-financial rewards are perks or fringe benefits such as company cars, free private medical care, and free pension entitlement. Teamworking is where employees work in groups or teams.

Is an estimate of future cash inflows and outflows. Of a business, usually on a month by month basis. As seen in the cash flow forecast, each month ends with a closing balance which basically indicates the profit made. It is important for a business to know how much cash is made each month and from this, also knowing how much more. How much money is flowing IN and OUT of the firm. The closing balance after every month.

Price Elasticity Pricing Methods and Strategies. To review the stupid IGCSE business and make life a better place. Thursday, 11 March 2010. Factors and Examples of Changing Velocity. When a competitve product suddenly rises in price, customers will immediately change to buying other products, so it is very ELASTIC. And the old ladies tryi.

Gross profit is the money received for sales or services minus the costs of selling them. Sales turnover is the total amount of money the company receives from their sales. This ratio is expressed as a percentage and should be compared to other years and businesses. If the percentage increases, prices have either gone up or costs of good bought have been reduced.

Sunday, 7 March 2010. The Profit and Loss account. Profit can be explained by a simply formula. Businesses calculate the total profit at the end of the year by using profit and loss accounts. They provide a financial summary of the trading activity the business has taken for a year.

A break-even analysis is a technique widely used in all kinds of businesses. Fixed costs are costs that are not directly related to the volume of production, like bills; and Variable costs are those which change when the production output change. Once you have the information of the Fixed costs.

Monday, February 7, 2011. Welcome to the H2 Business Studies revision blog! Here you should find most of what you need to do the revision you need for your exams! Monday, March 1, 2010. Marketing - Product Distribution Chanels. Structure of the economy Adding Value. The Role of Marketing Market Research. Trade Unions Health and Safety.

8211; The levels of management and responsibility in an organization. 8211; A document outlining the responsibilities and duties which must be carried out by a person in a certain position. 8211; involves granting a subordinate the responsibility to do certain tasks. The final responsibility of the task is NOT delegatedl. The manager will receive the blame.

Business objectives and their importance. Any entrepreneur starting up a business has a number of goals that they would want to achieve, which are called objectives. Over a period of time, the objectives of a business may change as the business grows or in the likely event that it faces difficulties. Owners will expect some return on the money they have invested in the business.

This is most common form of business organization. So his creditors can force him to sell his possessions in order to settle the debt. A tad harsh no? Advantages of a sole trader. There are few legal regulations for the trader to worry about when he sets up the business. Disadvantage of a sole trader. The business is likely to s.