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Transcript of business

Business Studies
Business Studies
Daniel Kearns
fixed cost
the costs that you have to pay, they have to be paid no matter how many products are sold
start up cost
the costs that you have to pay to start up the business
e.g shelves, tills, stock and recruitment of staff
the amount of money that comes into the business
formula no. products * cost per unit
variable cost
This type of cost depends on how many products are sold
Running Cost
running cost are the costs that you pay
to keep the business going
e.g wages for staff, replenishing stock,
Full transcript