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15 Cards in this Set
- Front
- Back
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adviser
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an external contact of a business who provides support and advice sometimes for free
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bank loan
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a fixed amount loan from a bank which is generally used to finance long-term assets
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bank overdraft
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borrowings from a bank on a current account which are payable on demand
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break even
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the point at which the total sales of a business equal tottal costs-i.e. the business is making neither a profit nor a loss.
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budget
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a detailed plan of income and expenses expected over a certain period of time
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business angel
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a particualr type of investor, usually a sucessful entrepreneur, who is willing to invest in high-risk, high-growth firms at a very early stage
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business plan
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a detailed description of a new or existing business, including the companys strategy, aims and objectives, marketing and financial plan
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cash flow
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the movmemnt of cash into ("inflows") and out of ("outflows") a business
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cash flow forecast
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a orojection, usually by week or month, of the likely cash inflows and outflows in a business
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contribution
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the difference between total sales and total variable costs
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costs
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amounts incurred by a business as a result of its trading operations
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demand
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the amount of a product or service that customers are willinng and able to pay at a given time
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demographic segmentation
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defining a market in terms of social-economics factors such as age, income, class etc
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elasticity of demand
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the responsiveness of demand to a change in price or incomes
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enterprise
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the process by which new businesses are formed in order to offer products and services in a market
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