9336784
Description
Mind Map by Daniel Hickman, updated more than 1 year ago
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Created by Daniel Hickman
over 9 years ago
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Revenue and costs
- Fixed costs
- Costs that must be paid even if nothing is
produced like utility bills
- Costs that must be paid even if nothing is
produced like utility bills
- Variable Costs
- Costs that are directly related to
number of products made
- Costs that are directly related to
number of products made
- Semi-Fixed costs
- Costs that change when more is produced but
aren't directly linked like buying in mass
- Costs that change when more is produced but
aren't directly linked like buying in mass
- Revenue
- Income coming into the business from sales, through a
grant, the leasing of premises or interest of money in
the bank
- Income coming into the business from sales, through a
grant, the leasing of premises or interest of money in
the bank
- Costs
- Any payments that are made from a business like
phone bills or the manufacture of products to sell
- Any payments that are made from a business like
phone bills or the manufacture of products to sell
- Sectors
- Primary Sector
- Raw materials like a miner
- Raw materials like a miner
- Secondary Sector
- Turning materials to goods like a builder
- Turning materials to goods like a builder
- Tertiary Sector
- Services to consumers like teacher
- Services to consumers like teacher
- Primary Sector
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