Sale of assets =

• internal source of finance

• external source of finance

Another business person lending to the business :

• pier to pier

• peer to peer

• pierre to pierre

Sales forecasting is easier if :

• the market is dynamic

• the market is fairly stable

• the market has lots of competitors

A firm sells 25 units at a selling price of £12 each

• total revenue = £37

• total revenue = £13

• total revenue = £300

• total revenue = £250

Total revenue = £3600, total variable costs = £800, profit = £1200

• Fixed costs = £1600

• Fixed costs = £4400

• Fixed costs = £2000

• Fixed costs = £2400

• breakeven = 60 units

• breakeven = 100 units

• breakeven = 20 units

• breakeven = 40 units

• Fixed costs = £200

• Fixed costs = £100

• Fixed costs = £500

• Fixed costs = £300

• total variable costs (at 100 output) = red arrow

• total variable costs (at 100 output) = blue arrow

• total variable costs (at 100 output) = green arrow

• profit (at 100 output) = red arrow

• profit (at 100 output) = blue arrow

• profit (at 100 output) = green arrow

Fixed costs (for a chocolate firm) include

• sugar, production labour wages

• packaging, cocoa

• rent, office salaries