17 Questions
What is the term for the measure of efficiency, usually calculated as output per person per time period?
Productivity
What is the theory that describes the four stages that every product goes through?
Product life cycle
What is the term for the percentage of profit from the selling price of one unit or total sales revenue?
Profit margin
What is the term for the variety of products offered by a company in terms of type, size, color, and brand?
Product range
What is the difference between revenue and total costs?
Profit
What is the term for when cash outflows exceed cash inflows?
Negative cash flow
What is the primary purpose of an organisation chart?
To illustrate the internal structure of the organisation
What is the term for the percentage of net profit to sales revenue?
Net profit margin
What is the purpose of performance reviews?
To evaluate employee performance against targets
What is the term for a product or service with declining sales?
Obsolete
What is the term for an agreed maximum level of short-term borrowing?
Overdraft facility
What type of agreement guarantees an employee's job security in the long-term?
Permanent contract
What is the purpose of a person specification?
To describe the ideal candidate for a job
What type of data visualization is used to show proportions of a total?
Pie chart
What is the process of getting a product to the consumer, including selling to retailers and displaying products prominently?
Place glossary
What type of service is provided to customers after a purchase is completed?
Post-sales service
What type of company is characterized by limited liability for its shareholders?
Private limited company
Test your understanding of key business finance concepts, including cash flow, net profit margin, and more. Learn to define and apply these important financial terms in real-world scenarios.
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