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CH 11
CH 11
CH 11
CH 11
CH 11
100
Something that a person can see as an avenue to success. It is often identified when a person feels they can provide goods or services in a better or different way from that already in the market.
What is a business opportunity?
100
Rivalry among businesses that seek to satisfy a market
What is competition?
100
The monetary value that is attached to the reputation of a particular business.
What is Goodwill?
100
Involves collecting, summarising and analysing information about the state of the market, customers, the threats and opportunities that the market presents, and any advantages or disadvantages that the business is likely to have over its competitors.
What is market analysis?
100
Increase the cost by a fixed percentage to arrive at the selling price.
What is Percentage mark-ups?
200
A means by which local councils allocate land for different uses, like residential, commercial, recreational and industrial.
What is Zoning?
200
An electronic retailer.
What is an e-tailer?
200
Money obtained through loans.
What is Debt financing?
200
The bank allows a business to overdraw their account up to a limited amount amount for a specific amount of time, in order to overcome a temporary cash shortfall
What is Bank overdraft?
200
A loan secured on some type of asset such as land or a building.
What is a mortgage?
300
Refers to the funds contributed by the business owner(s) to start and then expand the business.
What is equity finance?
300
The cost of borrowing money.
What is Interest?
300
Those costs involved in starting up a business.
What are establishment costs?
300
Includes those costs involved in the ordinary day-to-day running of a business.
What are operating costs?
300
Payments for non-wage benefits.
What are on-costs?
400
A scheme set up by the federal government.It requires all employers to make a financial contribution to a fund that employees can access when they leave or retire from a job.
What is superannuation?
400
A broad-based tax of 10 per cent on the supply of most goods and services consumed in Australia
What is the Goods and services tax?
400
The compulsory payment of a proportion of earnings to the government.
What is taxation?
400
An allowable tax deduction that a business can claim fo any GST included in the price of business inputs.
What is input tax credit?
400
Records a business's claims for input tax credits and accounts for GST payable.
What is the Business activity statement (BAS) ?
500
A single identifying number that a business uses when dealing with government departments and agencies.
What is the Australian Business Number?