1.3_flash cards

Front

Aims

Back

The goals that a business sets itself over a period of time

Front

Objectives

Back

The targets that help a business to achieve its aims (long term targets)

Front

Financial aims and objectives

Back

Those which relate to money in terms of the business

Front

Non-financial aims and objectives

Back

Other targets that do not involve money

Front

Start-up costs

Back

Costs incurred before the business is running

Front

Running costs

Back

Everyday costs which a business incurs once it is up and running

Front

Fixed costs

Back

Costs which do not vary with the output produced

Front

Variable costs

Back

Costs which vary directly with the amount produced

Front

Total costs

Back

Fixed costs and variable costs added together

Front

Revenue

Back

The amount of income received from selling goods or services