Topic 3 Effective Financial Management - STMBUSINESS

simpleluncheonManagement

Nov 10, 2013 (4 years ago)

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Pages 70
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73

Appreciate how increasing revenues
and reducing costs improves
proift


To understand how increasing
revenue and reducing costs helps
to increase profit



To understand the impact of both
changing prices and costs
influences on profit


Appreciate how increasing revenues
and reducing costs improves proift

Appreciate how increasing revenues
and reducing costs improves proift

Appreciate how increasing revenues
and reducing costs improves proift

Appreciate how increasing revenues
and reducing costs improves proift


Make a mind map showing all the ways in
which a
business can lower its
costs
.

Appreciate how increasing revenues
and reducing costs improves proift

Lowering
costs

5

minutes

Appreciate how increasing revenues
and reducing costs improves proift














Appreciate how increasing revenues
and reducing costs improves proift

Appreciate how increasing revenues
and reducing costs improves proift

Appreciate how increasing revenues
and reducing costs improves proift

Appreciate how increasing revenues
and reducing costs improves proift


You have just opened a gaming store in Tunbridge
Wells. Business has not been great in your first few
weeks of trading.



What could you do to increase your revenue?

(money coming into the business)

Appreciate how increasing revenues
and reducing costs improves proift

5

minutes

Appreciate how increasing revenues
and reducing costs improves proift

Appreciate how increasing revenues
and reducing costs improves proift


Page 73
Test Yourself & Over to You



Appreciate how increasing revenues
and reducing costs improves proift


Hand
-
out:

Revision
questions 1
-
4

Appreciate how increasing revenues
and reducing costs improves proift