Models
Name two financial models
Break-even point, income statement, budget etc.
Money coming in
Revenue / Income
? = Revenue - Costs
Profit
Which airline company is 50% owned by the NZ Government?
Air New Zealand
These are used to help explain financial viability. If you do not reference these, you don't pass the exam!
Models
What part of the SWOT analysis is perfect for suggesting actions the business should take?
Opportunities
Money going out
Costs / Expenses
Total Costs divided by price sold is the simplified formula of what?
Break-even point
What big dairy co-operative owns brands such as Anchor and Mainland?
Fonterra
Reason for being
Pūtake
If costs stay the same and the selling price goes up, what happens to the break-even point?
Decreases
Money you put into something in the hopes you get more money
Investment
Profit = $6500; Costs = $1300
How much is revenue?
$7800
New World, Pak 'n Save and Four Square are owned by what company?
Foodstuffs
Something a business does in response to something external
Action
Give an example of a non-financial model
SWOT Analysis
Money that changes based on how much you produce
Variable Costs
If total revenue was $1500 and GST needed to be paid on it, how much tax would be paid?
$225
What company owns the AI model "Claude"?
Anthropic
Something that happens to a business as a result of a decision
Consequence
If a business sells fewer items than its break-even quantity, it is making this.
Loss
Selling online and selling in-store are both examples of a _ _ _ _ _ _ _ _ _ _ _ _
Revenue Stream
A stall has fixed costs of $1,000 a week and makes $5 profit on every item sold before fixed costs (assume no variable costs). What is the break-even point?
200
What was the brand / name of the Z petrol stations, before they got bought out and became Z?
Shell
Something external that happens to a business
Factor