Mock revision 0.0 / 5 ? Business StudiesMarketing and competitive environmentsASAll boards Created by: drake18Created on: 02-12-13 12:10 What is market segmentation? A technique where the market is broken down into smaller sections with similar characteristics 1 of 8 What is an electronic market? A market where buyers and sellers combine to exchange goods and services through technology such as the internet, phones, tablets etc. 2 of 8 How do you calculate sales revenue? Selling price x Number of items sold 3 of 8 How do you calculate total costs? Variable costs + Fixed costs 4 of 8 How do you calculate profit? Sales revenue - Total costs 5 of 8 How do you calculate break-even output? Fixed costs / (Selling price per unit - Variable cost per unit) 6 of 8 How do you calculate contribution per unit? Selling price per unit - Variable cost per unit 7 of 8 How do you calculate total contribution? Contribution per unit x Number of items sold 8 of 8
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