business

Clue is in the name

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1. What is breakeven?

  • How much profit a business will make.
  • When you go bankrupt.
  • The breakeven point is when the total revenue reaches the exactly the same ammount as the total costs and the business is neither making a loss or a profit.
  • How much a business will spend
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2. what is the formula for total costs?

  • startup costs x variable costs
  • fixed costs + variable costs
  • start up costs x revenue
  • startup costs + variable costs

3. what is a fixed cost?

  • Fixed costs are the same no matter how much of the product a business makes.
  • can be worked out by adding up all the costs involved in a period of time
  • costs are costs that need to be paid when setting up a new business
  • will be higher if the business makes more of their product and lower if they make less

4. What is a budget?

  • Budgets predict how much money a business is going to spend.
  • how much profit a business will get.

5. what is a startup cost?

  • costs which need to be paid when starting up a business.
  • can be worked out by adding up all the costs involved in a period of time.
  • the same no matter how much of the product a business makes .
  • will be higher if the business makes more of their product and lower if they make less.
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