Search over 10,000 free study notes

When there are low levels of sales, a business is not selling enough units for revenue to cover costs. Therefore a loss is made. As more items are sold, the total revenue increases and covers more of the cos...

This is a short term method of finance where credit notes are sold to factor houses for discounted prices. it allows a business to get their money instantly adn so improves cash flow. However factor houses t...

Diversification is the name given to the growth strategy where a business markets new products in new markets. It is a risky strategy because the business is moving into a new area of a market in which it ha...

Breakeven is the output a company needs to meet to make their revenue equal costs. It's worked out using the formula Fixed costs divided by selling price minus variable costs.

Traditional economic powers like France, USA or the UK are becoming less and less dominant in an evermore competitive internatinal economic arena. The BRIC countries (Brazil, Russia, India and China), play a...