Business keywords pt.2

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Total revenue
no of sales x selling price
1 of 9
Fixed costs
costs that do not change eg. rent
2 of 9
variable cots
costs that change
3 of 9
profit
total revnenue- total costs
4 of 9
Break even
total revenue= total costs
5 of 9
interest
the charges made by banks for borrowing money
6 of 9
total costs
fixed costs + variable costs
7 of 9
margin of safety
actual/budgetewd output-breakeven
8 of 9
breakeven output
fixed costs (selling price-variable costs per unit)
9 of 9

Other cards in this set

Card 2

Front

costs that do not change eg. rent

Back

Fixed costs

Card 3

Front

costs that change

Back

Preview of the back of card 3

Card 4

Front

total revnenue- total costs

Back

Preview of the back of card 4

Card 5

Front

total revenue= total costs

Back

Preview of the back of card 5
View more cards

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