finance refresher

How much does it cost James to make an product? (include the £ sign)

How much does James sell his product for? (include the £ sign)

How much revenue would James make if he sold 1 bottle? (INCLUDE THE £ sign)

How much profit would James make if he sold 1 loaf? (INCLUDE THE £ sign)

What are James' costs for the whole month? (INCLUDE THE £ SIGN)

What is James' revenue for the whole month? (INCLUDE THE £ SIGN)

What is James' profit for the entire month? (INCLUDE THE £ SIGN)

• Every business must be ​ (a)   healthy to survive

To achieve this, the amount a business spends (​ (b)   ) must be less than the money it receives (​ (c)   )

• financially
• physically
• mentally
• costs
• revenue
• decreases
• increases
• external
• internal

Match the following

• To ensure spending is within limits

• Break-Even Analysis

• Money the business has in the bank

• Budgeting

• To predict when a profit will be made

• Monitoring

Match the following

• Costs of setting up business

• Operating/Running Costs

• Day 2 Day Costs

• Costs

• Expenses a business incurs

• Start-Up Costs