Test 1 flash cards 4.0 / 5 based on 1 rating ? BusinessBusiness lvl 2BTEC NationalEdexcel Created by: SchweddyBallsCreated on: 18-11-14 09:28 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
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