Definition Revision

3. The cash flowing into a business
6. All the costs of a business
10. price,place,product and promotion
11. The cash flowing out of a business
13. information that has already been gathered
14. A point where no profit or loss is made
16. Costs which change directly with the number of products made by a business
17. introduction,growth,maturity and decline
18. The right given by one business to another to sell goods or services using its name.
19. The only owner of a business which has unlimited liability.
20. A person who owns and runs their own business and takes risks.
23. The process of gaining information about customers, competitors and market trends through collecting primary and secondary data

1. The gathering of new information
2. One example is an overdraft
4. Costs which do not vary with the output produced
5. a group of people brought together to answer questions and discuss a product, brand or issue.
7. cash in - cash out
8. Price x Quantity
9. fixed cost/selling price - variable cost
12. What the business owns and owes
15. The amount of income received from selling goods or services over a period of time
21. A business owned by 2-20 people
22. The flow of cash into and out of a business