Business Formulas

HideShow resource information
Total Costs
Total Costs = Fixed Costs + Variable Costs
1 of 10
Start-Up Cost
The amount of money spent setting up a business before it starts trading.
2 of 10
Running Cost or Operating Cost
Money spent on a regular basis to keep a business running or operating.
3 of 10
Fixed Cost or Indirect Cost
Expenditure on items which doesn't change with the number of items sold or produced.
4 of 10
Variable Cost or Direct Cost
Costs which vary according to the number of items sold or produced.
5 of 10
Expenditure
An amount of money spent.
6 of 10
Revenue
Number of Sales X Price Per Unit
7 of 10
Profit
Revenue - Expenditure
8 of 10
Gross Profit
Revenue - Cost of Sales
9 of 10
Net Profit
Gross Profit - Expenditure
10 of 10

Other cards in this set

Card 2

Front

Start-Up Cost

Back

The amount of money spent setting up a business before it starts trading.

Card 3

Front

Running Cost or Operating Cost

Back

Preview of the front of card 3

Card 4

Front

Fixed Cost or Indirect Cost

Back

Preview of the front of card 4

Card 5

Front

Variable Cost or Direct Cost

Back

Preview of the front of card 5
View more cards

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all Finance resources »