Business Studies Word Scramble
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Term | Definition |
ROCE Return on Capital Employed | Return On Capital Employed ROCE=Net Profit*100/Capital Employed This is a calculation of how much net profit a business makes as a percentage of the amount of money used. |
Gross Profit Margin | This shows how much gross profit is made for each $1 of sales. Gross Profit Margin= Gross Profit/Turnover |
Net Profit Margin | This shows how much net profit the business makes for each $1 of sales. Net Profit Margin= Net Profit/Turnover |
Budget | This is a plan of how the money should be spent, it should be set out before the spendings occur. This is usually a plan for the whole year. Budget is created so it compares with the actual figures. |
Indirect Cost | These are the costs that is not directly related to the production of a product. |
Created by:
Jennie HSU
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