Business Finance Terminology
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Business Finance Terminology

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@BrighterMeitnerium

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Questions and Answers

What is the term for the measure of efficiency, usually calculated as output per person per time period?

  • Productivity (correct)
  • Product range
  • Product differentiation
  • Product knowledge

    • What is the theory that describes the four stages that every product goes through?

  • Product knowledge
  • Product range
  • Product differentiation
  • Product life cycle (correct)

    • What is the term for the percentage of profit from the selling price of one unit or total sales revenue?

  • Profit
  • Product differentiation
  • Profit margin (correct)
  • Product life cycle

    • What is the term for the variety of products offered by a company in terms of type, size, color, and brand?

    <p>Product range</p> Signup and view all the answers

    What is the difference between revenue and total costs?

    <p>Profit</p> Signup and view all the answers

    What is the term for when cash outflows exceed cash inflows?

    <p>Negative cash flow</p> Signup and view all the answers

    What is the primary purpose of an organisation chart?

    <p>To illustrate the internal structure of the organisation</p> Signup and view all the answers

    What is the term for the percentage of net profit to sales revenue?

    <p>Net profit margin</p> Signup and view all the answers

    What is the purpose of performance reviews?

    <p>To evaluate employee performance against targets</p> Signup and view all the answers

    What is the term for a product or service with declining sales?

    <p>Obsolete</p> Signup and view all the answers

    What is the term for an agreed maximum level of short-term borrowing?

    <p>Overdraft facility</p> Signup and view all the answers

    What type of agreement guarantees an employee's job security in the long-term?

    <p>Permanent contract</p> Signup and view all the answers

    What is the purpose of a person specification?

    <p>To describe the ideal candidate for a job</p> Signup and view all the answers

    What type of data visualization is used to show proportions of a total?

    <p>Pie chart</p> Signup and view all the answers

    What is the process of getting a product to the consumer, including selling to retailers and displaying products prominently?

    <p>Place glossary</p> Signup and view all the answers

    What type of service is provided to customers after a purchase is completed?

    <p>Post-sales service</p> Signup and view all the answers

    What type of company is characterized by limited liability for its shareholders?

    <p>Private limited company</p> Signup and view all the answers

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