1.1.3 Revenue and Costs

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  • Created by: Zruixx
  • Created on: 16-04-23 21:43
What is Revenue?
The income earned by a business from sales
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What is the Formula for Revenue?
number of sales x sales price
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What are Fixed Costs?
Costs that don't vary as the business changes output
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What are Variable Costs?
Variable Costs are costs that change directly with output
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Other cards in this set

Card 2

Front

What is the Formula for Revenue?

Back

number of sales x sales price

Card 3

Front

What are Fixed Costs?

Back

Preview of the front of card 3

Card 4

Front

What are Variable Costs?

Back

Preview of the front of card 4

Card 5

Front

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Back

Preview of the front of card 5

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