Business Planning

How is total Revenue calculated?

• Price x fixed cost

• Price x variable quantity

• Price x fixed and variable cost

• Price x quantity sold

Yin's clothing has decided to expand overseas. The business has fixed costs of 500,000 where the variable cost per unit is $25 and the price per unit on average is $75. What is the current break even point for the business?

• $10,000

• $6,666

• $20,000

• $50,000

Yin's clothing has decided to expand overseas. The business has fixed costs of 500,000 where the variable cost per unit is $25 and the price per unit on average is $75. What is the current break even point for the business if they could take advantage of economies of scale and reduce its variable cost by $10 per unit.

• $10,250

• $12,500

• $50,000

• $8,333

Solve this question

• A

• B

• C

• D

KFC has suffered a decreased in sales due to consumers demanding more healthier foods. What element of a SWOT analysis would this be classified as?

• Opportunity

• Strength

• Threat

• Weakness

What is the formula for calculating total cost (TC)?

• Price x Quantity

• Fixed cost - variable costs

• Fixed costs + variable cost

• Total fixed costs/unit price - variable cost per unit.

The warehouse of a business is run and in need of repair. What element of a SWOT analysis would this be classified as?

• Opportunity

• Strength

• Threat

• Weakness

What is the process of measuring actual performance against planned performance known as?

• Budgeting

• Forecasting

• Modification

• Monitoring

When you are making a prediction about future sales that is an example of

• Evaluating

• Forcasting

• Monitoring

• Taking corrective action

What is situational Analysis?

• Planning the internal environment for a business.

• Finding the strengths and weaknesses of a business

• Planning for both the internal and external environment for a business

• Finding the threats and opportunities of a business.