Flashcards
costs + profits
Cards in this deck (5)
- 1what is a fixed costcosts that dont change - rent, saleries, insurance
- 2What are variable costs?Costs which change depending on the level of production or service provided - bills, stock, fuel costs
- 3What is the total costs equation?Fixed costs + variable costs
- 4What is revenue?The amount of income a business will earn over a period of time ( turnover)
Price x quantity - 5What is the equation for profit/loss?Total revenue - total costs
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- GCSE Chemistry Flashcards on costs + profits, created by Harriet Duke on 28/01/2015.
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- Harriet Duke
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