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12 cards from this deck
When revenue exceeds costs
When costs exceed revenue
Sales Revenue - Total Costs
Gross profit and net profit
Funds for equipment, staff, new products
Builds savings for unexpected expenses/downturns
Cost of borrowing money (as a %)
(Total Repaid - Borrowed) / Borrowed × 100
Increase revenue or decrease costs
Cheaper suppliers, less expensive premises, improve efficiency
As a percentage
Profit - cannot survive if spending exceeds earnings
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