1PINCC
Product Industry Name Customers Competitors
2Purpose Of PINCC
To analyze a company by its main features
3Demand
Quantity of a good or service consumers are willing to buy
4Obsolete
Decrease in sales over time
5Risks
Business failure, financial loss, lack of security
6Rewards
Business success, financial rewards, independence
7Ways to add value
Quality, design, Unique Selling Point, branding
9Entrepreneurs Skills + Qualities
Cooperation, persuasiveness, confidence, intelligence, truthfulness, honesty
10Role Of Business Enterprise
Investing money, pricing products, selling goods, advertising, meeting customer needs, adding value
11How new ideas come about
Not provided in notes
12Revenue
Money received from consumer purchases
13Examples on where you can get revenue off of
Rent, returns on investments, interest earned
14Fixed costs (can change)
Rent, insurance, salaries
15Variable Costs
Raw materials, production costs, sales costs
16Profit
Total revenue minus total cost
17Interest
Additional cost charged for borrowing money
18Interest (Formulae)
(percentage/100) x money borrowed
19Interest Rate (Formulae)
(total repaid - money borrowed) / (money borrowed) x 100
20Break Even
When costs and revenue are equal (profit=0)
21Break Even (formula)
Fixed costs / (selling price - variable costs)
22Margin of Safety
Actual sales minus break even output
23Aims
Long-term business goals
24Objectives
Short-term actions to achieve aims
25Overdrafts
Taking out excess money from a bank
26Trade Credit
Obtaining supplies and paying at a later date
27Short Term Finance
Borrowing money to be repaid in a few weeks
28Long Term Finance
Borrowing money to be repaid over several years
29Crowdfunding
Obtaining money from others without repayment
30Venture Capital
Funding given to start-up companies for potential success
31Grants
Funds provided by the government without repayment
32Mortgage
Loan for a building with the building as collateral