Business Costs, Revenue and Profit
- Created by: mrdjames
- Created on: 13-06-18 11:15
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- Costs, Revenue and Profit
- Startup Costs
- A cost that a business pays before it starts running.
- *Initial Rent
- Equipment
- Products to sell
- Initial Insurance Cost
- A cost that a business pays before it starts running.
- Running Costs
- Cost that a business pays out while the business is running
- Mortgage
- Stock (Raw Materials
- Rent
- Wages/Salary
- Utilities
- Cost that a business pays out while the business is running
- Fixed Costs
- A cost that have to be paid no matter what. Not dependent on products made.
- Rent
- Staff Salary
- Utilities
- Insurance
- Mortgage
- A cost that have to be paid no matter what. Not dependent on products made.
- Variable Cost
- Costs that change depending on the number of products made/sold.
- Electricity for the machines making the product.
- Stock
- Packaging
- Cost of making the products
- Transport
- Staff Wages
- Costs that change depending on the number of products made/sold.
- Revenue & profit
- Revenue= money coming into the business
- Revenue= Number sold x selling price
- Profit= Revenue - Costs
- Profit= Revenue higher than costs
- Revenue= Number sold x selling price
- Profit= Revenue - Costs
- Revenue= money coming into the business
- Startup Costs
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