U2 Business for finance

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U2 business for finance revision cards
Jess Thornton
Karteikarten von Jess Thornton, aktualisiert more than 1 year ago
Jess Thornton
Erstellt von Jess Thornton vor mehr als 5 Jahre
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Zusammenfassung der Ressource

Frage Antworten
Start-up costs = The money spent by a business before it starts trading. name one example of a start-up cost One example would be a till or shop sign or a specific piece of equipment for the business, for example, a lawnmower for a gardening business.
What is an operating cost an operating cost can be referred to as a running cost. Operating costs are the everyday running costs of a business. For example, utility bills.
What is a fixed cost referred to as An indirect cost
What is a variable cost referred to as direct cost
Define fixed costs costs that DO NOT change with output
Define variable costs Cost that DO change with out put
an example of a variable cost would be... raw materials
an example of a fixed cost would be... rent
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