1720460
Description
Flashcards by Holly Rodemark, updated more than 1 year ago
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Created by Holly Rodemark
over 9 years ago
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| Question | Answer |
| Labour Productivity | Total value of output / total employees |
| Labour Turnover | Number of leavers per year / average number of staff x 100 |
| Absenteeism | Number of absent employees / total workforce x 100 |
| Total Costs | Fixed costs + variable costs |
| Unit Cost | Total cost / output |
| Capacity Utilisation | Current output / maximum output x 100 |
| PED | % change in demand / % change in price |
| Revenue | Selling price x quantity sold |
| Profit | Revenue - total costs |
| Gross Profit | Revenue - variable costs |
| Gross Profit Margin | Gross profit / revenue x 100 |
| Net Profit | Revenue - total costs |
| Net Profit Margin | Net profit / revenue x 100 |
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