Flashcards

U2 Business for finance

Jess Thornton Business Studies GCSE English 8 cards

Cards in this deck (8)

1Start-up costs = The money spent by a business before it starts trading. name one example of a start-up costOne 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.
2What is an operating costan operating cost can be referred to as a running cost. Operating costs are the everyday running costs of a business. For example, utility bills.
3What is a fixed cost referred to asAn indirect cost
4What is a variable cost referred to asdirect cost
5Define fixed costscosts that DO NOT change with output
6Define variable costsCost that DO change with out put
7an example of a variable cost would be...raw materials
8an example of a fixed cost would be...rent