Business Studies Revision 0.0 / 5 ? Business StudiesFinancial TermsOtherNone Created by: Purplepineapple26Created on: 06-05-14 20:43 The Money received from sales (Price x units sold) Revenue 1 of 6 When your total costs are the same as your total revenue. No profit or loss. Break even 2 of 6 Do not change according to how much a business sells Fixed Costs 3 of 6 Do vary with the amount sold/produced (unit variable costs x units sold) Variable Costs 4 of 6 Fixed + Variable Total Costs 5 of 6 When revenue is bigger than total costs. Profit 6 of 6
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