Theme 1.3 Putting a business idea into practice

The proportion of sales in a market that are taken by one business?

• Market share

• Market capital

• Market research

• Market sales

The amount of revenue left over once costs have been deducted?

• Loss

• Revenue

• Profit

• Investment

Likely to be non-financial, such as reducing carbon emissions?

• Social enterprise

• Social objective

• Social aim

• Social target

The source of regular income that a business receives. Usually money received from customers?

• Sales revenue

• Income stream

• Cashflow

• Investment

Capable of working or succeeding?

• Bias

• Viable

• Effecient

• Robotic

A financial statement showing the amount of money earned and spent in particular period and the resulting profit and loss?

• Cash flow forecast

• Income statement

• Profit and loss account

• Sales revenue statement

Anyone who has an interest in the activities of a business, such as its workers?

• Shareholder

• Stakeholder

• Managing director

• Member of staff

Which item would come under sales (revenue) on an income statement?

• Total sales

• Salaries

• Equipment & repairs

• Interest on bank loan

Which item would you find on the expenses section of an income statement?

• Rent

• Stock

• Materials

• Sales

The point were revenue received meets all of the costs of the business?

• Margin of safety

• Profit margin

• Break-even point

• Sales forecast