First 80 words of the document:
Finance Terminology- Costs.
Fixed Costs Costs which change with output.
Revenue Money from sales before costs are
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
Indirect Costs All other costs you have to pay
to keep the business running.