BTEC business studies lv2 finance
- Created by: connor 4566
- Created on: 15-05-16 08:57
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- BTEC business studies finance LV2
- costs
- indirect costs are costs that are not directly linked to a product
- variable costs are costs that are related to the number of products made
- hourly wages
- start up costs are costs that are a one of and are paid when a business starts up
- break even
- break even is when a businesses costs and revenue cross over to make the business not have a profit or a loss
- total revenue is all of the money coming into the business from selling services and products
- total costs are all the costs that come out of the business
- advantages
- by using break even you can help spot potential problems
- by using a break even graph it helps to be able to read break even clearly
- cash flow
- inflows into a business is the total amount of money that is flowing into the business
- outflows out of a business is the total money that is flowing out of the business
- costs
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