Sales, Revenue and Costs
- Created by: Izzie
- Created on: 08-05-17 09:44
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- Sales, Revenue and Costs
- Sales Volume
- Amount of sales expressed as a number of units sold
- Sales Value (Revenue)
- The amount of sales expressed as the total sum of money spent by consumers
- Revenue
- The money coming in from sale of goods or services
- Increases from the amount of units sold and start from 0 sloping upwards
- Fixed Costs
- Costs that stay the same regardless of output
- Includes interest on bank loans
- Shown as a straight horizontal line on graphs
- Variable Costs
- Costs that change in relation to the number of items produced
- Start at 0 on a graph and slope upwards
- Total Costs
- Fixed costs plus variable costs
- Start at the fixed cost point on the y axis and slop upwards parallel to the variable cost line
- Sales Volume
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