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BTEC Business Studies Formulas and Keywords Unit 2 UPDATED ACTUAL Exam Questions and CORRECT Answers £6.96   Add to cart

Exam (elaborations)

BTEC Business Studies Formulas and Keywords Unit 2 UPDATED ACTUAL Exam Questions and CORRECT Answers

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  • BTEC Business Studies Formulas And Keywords

BTEC Business Studies Formulas and Keywords Unit 2 UPDATED ACTUAL Exam Questions and CORRECT Answers Revenue - CORRECT ANSWER- The money coming into the business Fixed Costs - CORRECT ANSWER- Costs that stay the same Variable Costs - CORRECT ANSWER- Costs that change with output

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  • October 13, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BTEC Business Studies Formulas and Keywords
  • BTEC Business Studies Formulas and Keywords
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BTEC Business Studies Formulas and
Keywords Unit 2 UPDATED ACTUAL
Exam Questions and CORRECT Answers
Revenue - CORRECT ANSWER✔✔- The money coming into the business



Fixed Costs - CORRECT ANSWER✔✔- Costs that stay the same



Variable Costs - CORRECT ANSWER✔✔- Costs that change with output



Total Costs - CORRECT ANSWER✔✔- = Fixed Costs + Variable Costs



Total Variable Costs - CORRECT ANSWER✔✔- = Variable Cost * Quantity



Profit formula - CORRECT ANSWER✔✔- =Revenue - Total Costs



Profit - CORRECT ANSWER✔✔- Money made by the business



Budget - CORRECT ANSWER✔✔- A financial plan for the future



Revenue formula - CORRECT ANSWER✔✔- = Selling price * quantity sold



Break Even - CORRECT ANSWER✔✔- When a business makes neither a loss nor a profit



Break Even formula - CORRECT ANSWER✔✔- =Fixed costs / Contribution



Contribution - CORRECT ANSWER✔✔- Selling Price - Variable Costs

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