QUESTIONS AND ANSWERS
◉ Added Value(VALUE ADDED). Answer: Sales Revenue - Costs of
bought in goods & services
◉ Labour Productivity. Answer: Output Per Time Period ∻ N.O
Employees
◉ Labour Turnover %. Answer: N.O Staff leaving during yr ∻
Average N.O Staff employed by business during yr x 100
◉ Capacity Utilisation. Answer: Actual Output in given time period ∻
Maximum Possible Output in given time period x 100
◉ Unit Costs. Answer: Total Costs Of Production ∻ N.O Units of
Ouput Produced
◉ Return On Investment (ROCE). Answer: Return On Investment £ ∻
Cost Of The Investment £ x 100
◉ Gross Profit. Answer: Sales Revenue - Cost Of Sales