What makes a Product/Service Financially Viable

?
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

Other cards in this set

Card 2

Front

List 4 Variable Costs

Back

Materials, Components, Stock, Packaging

Card 3

Front

What is the Formula for Revenue?

Back

Preview of the front of card 3

Card 4

Front

What is the Formula for Profit?

Back

Preview of the front of card 4

Card 5

Front

What is the Formula for Break Even?

Back

Preview of the front of card 5

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