Selling Price Markup
Posted by Chau Nguyen in Sep, 2014
What is the Selling Price Mark up? When a company calculates the cost of a product or service, then adds a proportion onto that cost; that is referred to as a Selling Price Mark up. What is the Selling Price Mark up like? The price mark up is like a profit margin-the excess […]
Category: BSBSMB402
Procurement Assessment
Posted by Chau Nguyen in Sep, 2014
What is a Procurement assessment? Procurement assessment is the act of when assessors review and evaluate the procurement system to recognize the strengths and weaknesses. The assessor will then develop a plan based on the review to improve the procurement procedures. What is a Procurement assessment like? Assessment is like a vital process that provides […]
Category: BSBSMB401
Workplace Health and Safety Laws in Australia
Posted by Luke Shepherd in Sep, 2014
What are Workplace Health and Safety (WHS) laws in Australia? The Work Health and Safety Act 2011 sets out framework that protects the health, safety and welfare of all workers at work. It also protects the health and safety of anyone else who might be affected by the work that is being conducted. What are […]
Category: BSBSMB401
Cost of Capital
Posted by Luke Shepherd in Sep, 2014
What is the cost of capital? The cost of capital is the cost of obtaining funds used to finance a business. It refers to the two different types of funds, equity and debt. What is cost of capital like? Cost of capital is like a receipt that you get from the future, it gives you […]
Category: BSBSMB401
Property rental agreements
Posted by Tara-sha Wilson in Sep, 2014
What are Property rental agreements? Property rental agreement forms are used when renting a unit, house, townhouse, houseboat or apartment. These can be presented in the form of either written or oral, most commonly being written though. Property rental agreements outline the legal rights and responsibilities of the tenant and are a legally binding contract. […]
Category: BSBSMB401
Hourly service charge
Posted by Tara-sha Wilson in Sep, 2014
What is an Hourly service charge? An hourly service charge is the fee which a business charges for their time. The fee includes most costs or expenses that the business must incur to supply this service i.e. Rent, advertising fees, software expenses, equipment costs etc. An hourly service charge can be used by bookkeepers, lawyers, […]
Category: BSBSMB402
Post Tagged with hourly service charge, image, MAL, powerpoint, proprof, scoopit, small business finance, SMB Sole trader regulations in Australia
Posted by Alisha Solanki in Sep, 2014
What are Sole traders? – A sole trader is the simplest business structure. This particular structure is cheap to set up as there are only a few legal and tax formalities. If a business is operated as a sole trader, you are legally responsible for all aspects of the business. What are Sole traders like? […]
Category: BSBSMB401
Business Pricing Strategies
Posted by Alisha Solanki in Sep, 2014
What are Business pricing strategies? Pricing refers to the process of setting a price for a product or service and more than any other element of your marketing mix and this is what will have the biggest impact on the amount of profit you make over time. What are Business pricing strategies like? A Business […]
Category: BSBSMB402
Working Capital
Posted by Ashley Buller in Sep, 2014
What is Working Capital? Working capital is the amount by which current assets (cash, checking and savings account balances etc.) exceed current liabilities. What is Working Capital like? Working capital is similar to Fixed Capital in that both assets are important in the ongoing functions of a business. Fixed capital assets are those that are […]
Law of Contract
Posted by Ashley Buller in Sep, 2014
What is the Law of Contract? The basis of a contract is – An offer – Negotiation – Agreement – An obligation to carry out that agreement When that obligation is not carried out on either sides of the contract, the court becomes involved to solve the dispute. Law of Contract is when the agreement is examined to see […]