Business lesson 1 continued

What is meant by revenue costs?
The amount of money a business brings in from sales before and of the costs are considered
1 of 5
What is another word for revenue costs?
Turnover
2 of 5
What is meant by the fixed cost?
The costs that remain constant and are not affected by the leve of business activities
3 of 5
What is meant by variable costs?
The cost that will vary with sales
4 of 5
What is meant by the total cost?
It is the total of the fixed and variable costs together
5 of 5

Other cards in this set

Card 2

Front

What is another word for revenue costs?

Back

Turnover

Card 3

Front

What is meant by the fixed cost?

Back

Preview of the front of card 3

Card 4

Front

What is meant by variable costs?

Back

Preview of the front of card 4

Card 5

Front

What is meant by the total cost?

Back

Preview of the front of card 5

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