summer revision 0.0 / 5 ? Business StudiesrevisionOtherNone Created by: Dj ArchCreated on: 05-05-14 12:02 Revenue explaination? is the money recived from sales 1 of 11 Revenue sum? price x units 2 of 11 Fixed costs explaination? do not change according to how much a business sells e.g. rent 3 of 11 Variable costs explaination? do vary directly with the amount sold/produced e.g. stock 4 of 11 Variable costs sum? unit variable cost x units sold 5 of 11 total cost sum? Fixed cost + variable cost 6 of 11 break-even explaination? Is where the total costs are the same as total revenue. You are not making a profit or loss 7 of 11 Profit explaination? If your revenue is greater than your total costs 8 of 11 Profit sum? Revenue - total costs 9 of 11 Next section Next section 10 of 11 What line is horizontal? Fixed costs 11 of 11
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