# Section 1: setting up a business

Programme
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Slide 1: Slide
EconomieMiddelbare schoolvwoLeerjaar 3

This lesson contains 18 slides, with interactive quizzes and text slides.

## Items in this lesson

Programme
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#### Slide 2 -Mind map

Investment budget
How much money do we need to start ouw own company?

#### Slide 3 -Slide

Goods in stock vs inventory
Goods in stock: Quantity of products currently held in stock

Inventory: all the finished goods that are used inproduction.

#### Slide 4 -Slide

Difference between stock and inventory of a shop? Give two examples of each.

#### Slide 5 -Open question

Profit and loss budget
Overview of the expected future costs and returns.

How much money am I going to earn?

#### Slide 6 -Slide

Gross profit and net profit
Turnover - cost of sales = gross profit

Gross profit - operating costs = net profit

#### Slide 7 -Slide

Name two operating costs for a kebab business

#### Slide 8 -Open question

More definitions
VAT: cost price increasing tax (value added tax)

#### Slide 9 -Slide

Max sells French fries for 3.54 excluding 9 % VAT. Calculate the price including VAT.

#### Slide 10 -Open question

Mirte sells a botlle of Cola for 1.90 including 9 % VAT. Calculate the price excluding VAT.

#### Slide 11 -Open question

Financing plan
Where do I get the money from?

From others -> debt capital
From yourself -> equity

#### Slide 12 -Slide

Disadvantage of having a lot of debt capital?

#### Slide 13 -Open question

Why do business use debt capital despite the disadvantages? Give two reasons

#### Slide 14 -Open question

Homework
Make the following questions:
2,3,6,7,8,10,11,12,13 and 14!

#### Slide 16 -Mind map

Which word below is not from the 5p's of marketing?
A
price
B
product
C
place
D
potential

#### Slide 17 -Quiz

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