Costs 0.0 / 5 ? Applied BusinessCosts ASOCR Created by: Georgia LouCreated on: 22-04-14 14:37 48972631 Across 1. Total Revenue = Price X Quantity (5, 7, 7) 3. Amount paid by the customer (5) 8. Income that is recieved from an organisations activity (5, 7) 9. Costs that could change - depending on the output || i.e. raw materials, power for machines (8, 5) Down 2. You need to clarify the cost of all products to be able to analyse the proft or losses made (5) 3. Diference between the firms income and its total costs (6) 4. Profit = Total Revenue - Total Costs (6, 7) 6. Costs thta do not very or change || i.e. rent, heating (5, 5) 7. Total Costs = Fixed + Variable (5, 5)
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