Finance for Business

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  • Created by: babeyshep
  • Created 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
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10 of 10

Other cards in this set

Card 2

Front

Money spent on a regular basis to keep a business running

Back

Operating Costs (Running Costs)

Card 3

Front

Money paid into a business

Back

Preview of the back of card 3

Card 4

Front

Expenditure which doesn't vary with sales

Back

Preview of the back of card 4

Card 5

Front

Costs which vary according to the amount of products sold

Back

Preview of the back of card 5
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