Identify and explain two ways to reduce risk of starting a business
Identify two possible reason why a business has remained small
State two problems using number of employees to measure the size of business
Identify two ways to measure the size of a business
Identify two ways to measure business success
Identify two advantages of being a large business
State two features of a private sector business
Identify and explain two ways objectives of a firm may be different if it was in the private sector
Define Profit
Calculate the total cost of producing 3 million cricket bats
What is meant by ‘variable cost’?
Calculate the average cost of one motorcycle. Show your working.
Calculate X and Y: Revenue & Expenses
State four features of an income statement
What is meant by ‘income statement’?