Test 1 flash cards

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What are running costs
The day to day costs of business
1 of 8
What are start up costs
When you start a business you have to pay these costs
2 of 8
Fixed costs
Stay the same no matter what
3 of 8
Variable costs
Change over time
4 of 8
Can you name a fixed cost ?
Staff Salary
5 of 8
Can you name a variable cost?
electricity bill
6 of 8
What is a direct cost
Costs that are directly linked to a product
7 of 8
What is an indirect cost
Required for a business to run but not directed to a product
8 of 8

Other cards in this set

Card 2

Front

What are start up costs

Back

When you start a business you have to pay these costs

Card 3

Front

Fixed costs

Back

Preview of the front of card 3

Card 4

Front

Variable costs

Back

Preview of the front of card 4

Card 5

Front

Can you name a fixed cost ?

Back

Preview of the front of card 5
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