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.

Thursday, 11 March 2010. The famer in the picture is actually the producer. It can also be a miner or anyone else that produces goods. Stages of the distribution channel. There are 6 different distribution channels. Often seen in farms where products are directly sold to the client.

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.

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.

1To start up a business. 3Selling stocks to raise cash. 5Grants and Subsidies from outside agencies. Factors Affecting the Methods of Finance Chosen. Price Elasticity Pricing Methods and Strategies. The Role of Marketing Market Research.