my administration

2. payable/ Amounts of money owed by your company to external suppliers.
5. Money paid regularly by a company to its shareholders.
6. rate/ Set each month by the Bank of England, this is the country’s base rate of interest. This influences financial products and services when they set their own cost of borrowing.
7. success factor/ A critical success factor is an element that must occur in order for a business to achieve its ultimate goal.
9. The reduction in value of assets over time, usually due to wear and tear.
11. A person or firm that owes money to you or your business.
12. is something lenders can use to give security against a loan. Often this is a major asset such as a house.
13. The purchase of one company or resources by another.
16. value/ This is the market value of a business. It is calculated by market capitalisation times current share price, minus cash, plus debt.
18. of scale/ The cost advantages obtained by a business when buying an item in bulk. The price of an item usually decreases as the amount bought increases.
19. This is any item which can be freely bought and sold. Examples include gold, food products and coffee beans.
21. Checking your company’s standards by comparing them with certain criteria, e.g. a competitor’s activities.
22. your goods or services overseas.

1. A person or firm that owes money to you or your business.
3. A person or firm that has lent your business money or to whom you owe money.
4. marketing/ A retailer or service provider advertising its goods or services via a third party in return for a commission on any sales.
8. Business to business.
10. receivable/ Money owed to your company by customers.
11. The reduction in value of assets over time, usually due to wear and tear.
14. flow/ The movement of cash into and out of a business
15. period / The time for which profits are being calculated, normally months, quarters or years.
16. Equity is used by analysts to work out how financially “healthy” a company is. It also represents what would be left if all of a businesses’ assets were liquidated and the debt paid off.
17. growth/ This is the term used to describe an increase in the amount of goods and services produced by the county, known as gross domestic product (GDP).
20. sheet/ A ‘snapshot’ of a company’s assets, liabilities and capital at a particular point in time.
21. Business to consumer.