Fixed asset

Definition

A long-term resource owned by a business and used in its operations, such as machinery, premises or a vehicle.

Used by Edexcel

Specification 2.1.1 · Paper 2

Create a free account to read GCSE Business revision notes for your exam board and track your progress.

GCSE Business · key term

A long-term resource owned by a business and used in its operations, such as machinery, premises or a vehicle.

Used by Edexcel

Specification 2.1.1 · Paper 2

Create a free account to read GCSE Business revision notes for your exam board and track your progress.