#separator:tab #html:true "<br> Risks for entrepeneurs <br>""<br> Entrepeneurs have can make financial losses and if they cant pay it back can struggle to survive<br> <br> <br> " "<br> Why is it good to develop new products? <br>""<br> There is no competition for these new products and the business seems more creative than the competitor <br> <br> " "<br> Name 5 Financial objectives: <br>""<br> Increase market share, Maximise Sales, Maximise Profit, Survival, Achieve Financial security<br> <br> <br> " "What is market share " "What is survival? And why is it good that a business survives<br> " "What is financial security? " "Why is financial security good? Give an example " "Why is maximising profit good? " "How does the size of businesses change their objectives? " "What are the two types of costs " "What are fixed costs? " "What are variable costs? " "Give two variable costs? " "What is revenue " "Advantage to using overdraft " "Cons of using personal savings " "What companies have limited liabiility " "Advanatge to sole trader " "Advantage of partnership " "Disadvantage of partnership " "Advantage of PLC " "Disadvantage of PLC " "Disadvantage of unemployment EXPAND " "What must a business if it haves high costs. " "What is high costs bad " "Why is less reinvestment bad " "What is the consumer rights act 2015 state " "What happens if product doesn't fit legal requirements " "What does changes in legislation mean. " "Advantages of business following NMW and NLW " "Disadvantage of business following NMW and NLW " "Advantage of etailing " "Advantage of technology for promotion " "Advanatge of technology for price " "Advantage of technology for productrs " "How to workout break even on graph " "What is margin of safety " "How to workout margin of safety&nbsp; " "Less Disposable income DISADVANTANGE " "What is the opening balance " "What is closing balance " "What is net cash flow " "Importance of cash "