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Home > GCSE > Business Studies > business
what are the disadvantages of having a sole trader
to keep up with demand
what are the advantages of having a sole trader
no sharing of profits,to make your own decision
what is the definition of cash flow
Money going in and out of the business
average cost formula
total cost divided by output
net cash flow formula
cash inflow-cash outflow
what is bad cash flow
bad cash flow is where there is not enough money coming into the business which could mean the company goes bankrupt
total costs formula
fixed costs+variable costs=total costs
what is direct costs
direct costs is the expenses to make a certain product
examples of direct costs
labour, raw material and machinery
disadvantages of a public limited company
possibility of takeover,cost of setting and operating
advantages of a public limited company
to borrow money easier,ability to raise large amounts of capital
secondary research methods
purchased research material, competitors data, government publications and statistics, books, newspapers, trade
advantages of partnerships
more experience and share decision making
disadvantages of partnerships
a possible conflict
advantages of limited private company
can raise more money easily and shares usually controlled by the family
disadvantages of limited private company
financial information available
The 4p's in the marketing mix
price, place, product and promotion
the disadvantages of market research
expensive, time consuming, and the research could have errors
Things used in the market segmentation
age, gender, income, region
revenue formula








