Revenue and Costs

A start up cost is.....

• Costs that the business will pay regularly and on time

• something that a business only has to pay when they first start the business

• A way of a business paying for a big item such as a vehicle but only paying a deposit

• A cost that a business will pay at the start of each month to keep it running

A running cost is..

• A cost that are needed only at the beginning when setting up a business and needed to get them up and running

• A cost that the business has to pay continuously to enable them to keep the business operating

• A cost that involves anything to do with the making of the products

• A cost that the business spends on promoting the business

Pick the odd one out

• Till to record transactions

• Pizza box with a logo on it

• Fresh tomatoes to make the pizza base

• Napkins for customers

Pick the odd one out

• Pepperoni

• Staff Wages

• Petrol for delivery driver

• Tables and Chairs

Pick the odd one out

• Tables and Chairs

• Sign to encourage people to visit the store

• A pizza oven to cook the food

• Dough to make pizza base

Fixed costs are

• Costs that buy things that are fixed and cant be move such as a building

• Costs that can't be negotiated cheaper with suppliers

• Costs that do not change with output

• Costs that do change with output

Variable costs are...

• Costs that change due to output

• Costs that can be increased or decreased depending on time of year

• Costs that the business have to pay to get a product to the customers

• Costs that don't change with output

An example of a fixed cost is

• Napkins

• Rent

• Employees wages

• Cheese for pizza

An example of a fixed cost is

• Petrol

• Pizza Boxes

• Wages

• Salaries

Pick the odd one out

• Loan Repayments

• Salary for manager

• Petrol for delivery Van

• Council Tax