Flashcards

HideShow resource information
Start up costs
Costs to start up the business
1 of 10
Operating costs
Day to day costs of business
2 of 10
Expenditure
All money the business pays out
3 of 10
Fixed costs
Same cost no matter how many products the business makes or sells
4 of 10
Variable costs
Costs that can change depending on the number of items sold or produced
5 of 10
Revenue
Income of sales and goods before costs and expenses are abducted
6 of 10
How to calculate total costs
Fixed costs + Variable costs
7 of 10
Calculate revenue
Number of sales x Price per unit
8 of 10
Calculate profit or loss
Revenue - expenditure
9 of 10
Break even point
Fixed costs / selling price per unit - variable cost per unit
10 of 10

Other cards in this set

Card 2

Front

Operating costs

Back

Day to day costs of business

Card 3

Front

Expenditure

Back

Preview of the front of card 3

Card 4

Front

Fixed costs

Back

Preview of the front of card 4

Card 5

Front

Variable costs

Back

Preview of the front of card 5
View more cards

Comments

No comments have yet been made

Similar Business resources:

See all Business resources »See all Finance resources »