Measurement and the Importance of Profit

What are two other terms for revenue?
Turnover
Sales
Profit
Expenses
If the selling price for an item is £20 and 5 products are sold, what is the total revenue generated?
£50
£100
£4
What can be classed as a variable cost?
Rent
Raw Material
Grandma's Knitting
When can a variable cost change?
Every Month
Any Time
Every 5 Years
What can the variable cost do?
Make the business a loss.
Either profit/loss/ break even.
Makes the business break even.
Makes the business a profit
What is an example of a fixed cost?
Insurance for a company car.
Plastic to make a product.
A cleaners wages.
Will fixed costs always be the same amount?
Yes
Depends on the company.
No
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