Finance for Business 1.0 / 5 based on 1 rating ? BusinessFinanceBTEC NationalEdexcel Created by: babeyshepCreated on: 20-04-15 10:09 Start-Up Costs Money spent before a business can start trading 1 of 10 Operating Costs (Running Costs) Money spent on a regular basis to keep a business running 2 of 10 Income Money paid into a business 3 of 10 Fixed Costs (Indirect Costs) Expenditure which doesn't vary with sales 4 of 10 Variable Costs (Direct Costs) Costs which vary according to the amount of products sold 5 of 10 Total Costs The total amount of money spent over a set period of time 6 of 10 Expenditure Money spent by a business 7 of 10 Overheads Everyday running costs of a business 8 of 10 Profit When revenue is higher than expenditure 9 of 10 Loss # 10 of 10
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