business flash cards

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  • Created by: matt3576
  • Created on: 09-01-15 00:30
What are fixed costs
Fixed costs stay the same no matter how much product a business makes or sells
1 of 5
What are variable costs
Variable costs change depending on the number of products made or sol.
2 of 5
Give two examples of a fixed cost
Rent and Insurance
3 of 5
Give Two examples of a variable cost
Postage and package and credit card fees
4 of 5
What is the formula for finding total costs
Fixed costs + Variable costs
5 of 5

Other cards in this set

Card 2

Front

What are variable costs

Back

Variable costs change depending on the number of products made or sol.

Card 3

Front

Give two examples of a fixed cost

Back

Preview of the front of card 3

Card 4

Front

Give Two examples of a variable cost

Back

Preview of the front of card 4

Card 5

Front

What is the formula for finding total costs

Back

Preview of the front of card 5

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