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What sets the company apart from all other types of businesses is that a company is an independent legal entity, separate from the people who own, control and manage it.
Conditions of Payment
The written terms under which one must make payment or could seek payment if it was due to him/her.
Cost of Sales
A term used in a trading account representing the cost of the materials used which, when taken from the sales figures, gives the gross profit...
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creditors, bank overdraft and short term loans.
Debtors
A party who owes money to the business.
Depreciation
A way of measuring the cost of using an asset which decreases in value with time and/or use.
Differentiation
To make one's product/service different from others in the market place.
Direct (variable) Costs
Expenses, such as materials, which vary according to the number of goods produced or services offered...
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Too much of British company law frustrates, inhibits, restricts and undermines. It is over-cautious, placing too high a premium on regulation and avoidance of risk. The company remains the choice of corporate vehicle for over a million businesses,...
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