summer revision

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  • Created by: Dj Arch
  • Created on: 05-05-14 12:02
Revenue explaination?
is the money recived from sales
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Revenue sum?
price x units
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Fixed costs explaination?
do not change according to how much a business sells e.g. rent
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Variable costs explaination?
do vary directly with the amount sold/produced e.g. stock
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Variable costs sum?
unit variable cost x units sold
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total cost sum?
Fixed cost + variable cost
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break-even explaination?
Is where the total costs are the same as total revenue. You are not making a profit or loss
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Profit explaination?
If your revenue is greater than your total costs
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Profit sum?
Revenue - total costs
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Next section
Next section
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What line is horizontal?
Fixed costs
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Other cards in this set

Card 2

Front

Revenue sum?

Back

price x units

Card 3

Front

Fixed costs explaination?

Back

Preview of the front of card 3

Card 4

Front

Variable costs explaination?

Back

Preview of the front of card 4

Card 5

Front

Variable costs sum?

Back

Preview of the front of card 5
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