Exam (elaborations)
BTEC Business Studies Formulas and Keywords Unit 2 with complete solutions 2023
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BTEC Business Studies Formulas and Keywords Unit 2 with complete solutions 2023Revenue The money coming into the business Fixed Costs Costs that stay the same Variable Costs Costs that change with output Total Costs = Fixed Costs + Variable Costs Total Variable Costs = Variable Cost * Quantity Profit formula =Revenue - Total Costs Profit Money made by the business Budget A financial plan for the future Revenue formula = Selling price * quantity sold
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btec business studies formulas and keywords unit 2 with complete solutions 2023
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revenue the money coming into the business
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fixed costs costs that stay the same
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variable costs costs that change with ou
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