Business Studies Revision

?
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

Other cards in this set

Card 2

Front

When your total costs are the same as your total revenue. No profit or loss.

Back

Break even

Card 3

Front

Do not change according to how much a business sells

Back

Preview of the front of card 3

Card 4

Front

Do vary with the amount sold/produced (unit variable costs x units sold)

Back

Preview of the front of card 4

Card 5

Front

Fixed + Variable

Back

Preview of the front of card 5
View more cards

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all Financial Terms resources »