GCSE Business Finance - Costs Terminology

Just all the types of costs you need to know in a handy word document, enjoy! :)

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  • Created by: Rhys B-M
  • Created on: 24-03-13 14:47
Preview of GCSE Business Finance - Costs Terminology

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Finance Terminology- Costs.
Fixed Costs ­ Costs which change with output.
Revenue ­ Money from sales before costs are
added.
Direct Costs ­ Costs that go into the making of a
product or service.
Variable Costs ­ Costs which vary with output.
Running Costs ­ Costs involved in
managing/running the business on a day to day
basis.
Indirect Costs ­ All other costs you have to pay
to keep the business running.

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