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Transcript of Business

Business Studies
Start up costs
Start up costs are the things people need to start up the business. for example:
Advertising beforwe the opening
Decor for the iside of the business (carpets, shelves, etc)
Running costs
Running costs are the things people have to pay for long-term. This includes:
Replenishing stock
Variable costs (direct)
Variable cost are the things that affect how much products are sold. These are things like:
Printer ink
Fixed costs (indirect)
Fixed costs are the things you have to pay for no matter how much stock is sold. This includes things like:
Staff wages
Total costs
Total costs are the fixed costs and the variable costs added together.
Revenue is the sum of all the money the business has collected in all branches.
Full transcript