Business 1.60- Costs 0.0 / 5 ? Business StudiesFinanceGCSEAQA Created by: study_time_Created on: 20-12-19 10:33 Variable Costs Costs that vary directly with the business's level of output 1 of 6 Fixed Costs Those costs that do not change when a business change it's output 2 of 6 Total Costs Fixed costs plus variable costs 3 of 6 Revenue income a firm receives from selling it's goods and services 4 of 6 Internal growth Occurs when a business gets bigger by selling more of it's products 5 of 6 External growth occurs when a business gets bigger by joining or buying other businesses 6 of 6
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