Revenue and costs (1.1.3) 0.0 / 5 ? Business StudiesRevenue and costs (1.1.3)ASAQA Created by: lee42Created on: 23-05-19 10:42 what is the revenue equation? number of sales x selling price 1 of 5 What are fixed costs? Fixed costs dont vary as the business changes its output 2 of 5 What are variable costs? They are costs that change directly with output 3 of 5 What are costs? They are all the expenses the business incurs 4 of 5 What is the total cost? Its the fixed cost plus the variable cost 5 of 5
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