What makes a Product/Service Financially Viable 0.0 / 5 ? Business StudiesStarting a businessGCSEOCR Created by: Mackoman25Created on: 29-12-18 17:06 List 6 Fixed Costs Rent, Loan repayments, Insurance, Advertising, Salaries, Utilities 1 of 5 List 4 Variable Costs Materials, Components, Stock, Packaging 2 of 5 What is the Formula for Revenue? Revenue = Selling Price x Number of Sales 3 of 5 What is the Formula for Profit? Profit = Sales Revenue - Total Costs 4 of 5 What is the Formula for Break Even? Break Even = Fixed Costs / (Selling Price Per Unit - Variable Cost Per Unit) 5 of 5
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