Business Quiz 0.0 / 5 ? Business StudiesFinanceMarketing mixGCSEEdexcel Created by: matt3576Created on: 10-01-15 01:42 What is fixed costs Costs that stay the same no matter how much products the business makes or sells 1 of 12 What is variable costs Costs that change depending on the number of products made or sold. 2 of 12 What is the formula for finding total costs Fixed cost + Variable 3 of 12 What is revenue money a business receives 4 of 12 What is an example of revenue Rent or Interest 5 of 12 What is the formula for revenue Number if sales x Price per unit 6 of 12 What is expenditure Money the business pays out. 7 of 12 What is the formula for profit Revenue-Expenditure 8 of 12 Define the term breakeven Breakeven is when revenue and expenditure costs are the same 9 of 12 What is the purpose of budgeting The purpose of budgeting is to keep expenditure to planned limit 10 of 12 What does the term budgetary control mean Budgetary control means checking the performance makes sure that targets are met and are within the budget. 11 of 12 What is a cashflow Cash flow is the money flowing in and out of the business on a daily basis 12 of 12
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