Business Studies
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- Created on: 19-01-22 20:51
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- Revenue, Costs and Profit
- All businesses need to know how much money they have coming in, and how much they're spending.
- Businesses earn most of their income from selling their products to customers.
- Revenue can be calculated by multiplying sales (the number of units sold) by the price (the amount the customer pays)
- Fixed costs don't vary with output (the amount a business produces). They have to be paid even if the firm produces nothing.
- Revenue, Costs and Profit
- All businesses need to know how much money they have coming in, and how much they're spending.
- Businesses earn most of their income from selling their products to customers.
- Revenue can be calculated by multiplying sales (the number of units sold) by the price (the amount the customer pays)
- Fixed costs don't vary with output (the amount a business produces). They have to be paid even if the firm produces nothing.
- Fixed costs don't vary with output (the amount a business produces). They have to be paid even if the firm produces nothing.
- Revenue can be calculated by multiplying sales (the number of units sold) by the price (the amount the customer pays)
- Businesses earn most of their income from selling their products to customers.
- Average unit cost is how much each product costs to make.
- Profit (or loss) is the difference between revenue and costs over a period of time.
- Untitled
- All businesses need to know how much money they have coming in, and how much they're spending.
- Revenue, Costs and Profit
- Fixed costs don't vary with output (the amount a business produces). They have to be paid even if the firm produces nothing.
- Revenue can be calculated by multiplying sales (the number of units sold) by the price (the amount the customer pays)
- Businesses earn most of their income from selling their products to customers.
- Average unit cost is how much each product costs to make.
- Profit (or loss) is the difference between revenue and costs over a period of time.
- Untitled
- All businesses need to know how much money they have coming in, and how much they're spending.
- Untitled
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