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Income Statement

Income Statement

Understanding Income Statement   Income statement (US English) also known as Profit and Loss Account (UK English) which helps investors and creditors determine the past financial performance of the enterprise, predict future performance, and assess the capability of generating future cash flows through report of the income and expenses. From my experience in teaching this topic, students often confuse with the format of Trading Account, Profit & Loss Account and Income Statement. I always tell my students that the
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Teaching Business Studies First Day

Teaching Business Studies

 Teaching Business Studies For The First Time I am using this lesson plan for my first day of lesson especially teaching Business Studies Year 10 students. Topic: Introduction to Year 10 Business Studies Learning Objectives: By the end of this lesson, students will be able to: a) know class admin matters – teacher who is teaching Business Studies must explain to the students his/ her expectation during lessons (attentive, active class participation and etc). b) write down the breakdown
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Factors Affecting Location

Factors affecting location

What Are The Factors Affecting Location Of A Business? A business will have to consider several factors affecting the location. Usually, it will have to balance several factors in making a decision. Different business industry sectors will have different factors affecting location. If the business is expanding, it will open branches in cities where the organisation did not previously have a presence. A business might also want to restructure its operations. It might do this by bringing together some existing
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Quality Improvement

quality improvement

5 Benefits To Have Continuous Quality Improvement Production managers always find ways to eliminate waste in the production. Scrap material and lost labor hours add no value to the operation. Therefore, a strategic approach to quality improvement is essential. Here are the benefits to have a continuous quality improvement: Establish a brand image Builds brand loyalty Maintain a good reputation To increase sales Attract new customers These Business Studies revision slides are based on the Textbook: Business Studies (Fourth Edition) by Karen
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Costs and Break-even Analysis

Costs and break-even analysis

Business costs and break-even analysis All businesses involve costs. Managers need to know the costs in order to calculate the revenue and to decide what price should be charged for the product. Then, by using the break-even analysis, safety margin can be determined. This is the minimum output needs to be produced in order to break-even. There is a relationship between business costs and break-even analysis. There are two types of costs: Fixed costs and variable costs. In order
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