Business Paper 2 Study Guide Rated A+

Gross profit margin {Ans: Gross profit/sales revenue x 100}Job production {Ans: Producing a one-off item specially designed for the customer}Margin of safety {Ans: Actual level of output - Breakeven level of output}Cash flow problem/negative net cash flow {Ans: When outflows are higher than inflows}Quality Assurance {Ans: When there are quality checks throughout the whole production process and faults are picked up and corrected}Net current assets {Ans: current assets - current liabilities}