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Know about costs, revenue and profit in a business organisation.
. Identify the difference between start up and operating costs, variable and fixed costs.
. Identify the different types of revenue.
. Outline the differences between gross and net profit.
Be able to prepare a break even analysis
. Calculate break even using given data to show the level at which income equals expenditure
Present the breakeven as an annotated graph showing break even
Be able to create a cash-flow forecast
. Prepare an annual cash-flow forecast using monthly data