Costs and revenue

What is revenue ?

• The various sources from which a business earns money. This can be active or passive.

• The businesses income of earnings over a period of time.

• The movement of cash into and out of the business. There are both cash inflows and outflows.

• Money paid to suppliers or creditors.

What is variable cost

• Costs that do not change no matter the level of output.

• A cost that is specifically related to an individual project or the output of a particular product.

• Costs that change with the level of output.

• Cannot be clearly identified with the production of a product or service. They are Needed for the general functioning of the business

What are fixed costs ?

• Costs that do not change no matter the level of output.

• The business income of earnings over a period of time.

• A cost that is specifically related to an individual project or the output of a particular product.

• The various sources from which a business earns money. This can be active or passive.

What are direct costs ?

• Costs that change with the level of output.

• A cost that is specifically related to an individual project or the output of a particular product.

• The various sources from which a business earns money. This can be active or passive.

• Cannot be clearly identified with the production of a product or service. They are Needed for the general functioning of the business.

What are indirect costs ?

• The ability for a business to turn assets into cash quickly without them losing value.

• Costs that do not change no matter the level of output.

• Costs that cannot be clearly identified with the production of a product or service. They are Needed for the general functioning of the business.

• A cost that is specifically related to an individual project or the output of a particular product, which the cost would not be incurred.

What are revenues streams ?

• Money raised from a financial institution (bank). Accompanies must pay interest on the loan.

• The businesses income of earnings over a period of time.

• Raising finance for a business venture or project by getting small amounts of money from a large number of people, usually through online platforms.

• The various sources from which a business earns money. This can be active or passive.