Financial terms financial terms 0.0 / 5 ? Business Managementfinancial termsNational 5None Created by: dee_lolxoxoCreated on: 07-05-14 19:42 financial terms Revenue is the money received from sales, [price x units sold]. Fixed costs do nto chang according to how much a bisinass sells eg/ rents. variable costs do vary directly with thw amount sold/ produced eg/ stocks [unit varible costs x units sold]. 1 of 2 terms Total costs = [Fixed costs + Variable costs.] Break-even is where the total costs are the same as the total revenue. You are not making a profit or a loss. Profit = is when revenue is greater than the total costs.[ Revenue - costs] Loss total cost is greater than the revenue. 2 of 2
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