Worksheetsib negocios
Total questions: 13
Worksheet time: 8mins
What is price?
The quantity the coustmer pays for the product
The amount a product is sold for
How much a a company earns in total from a product
What the product can have
What is cost?
The expenditure in producing the good or providing the service
How much money it cost to buy a product
Cost of production, anything a business spends money on
What a service costs
What is fixed cost?
(a)
What are some examples of fixed cost?
rent, bank loans, lighting, market research, salaries
Sponsorship revenue.
Subscription fees.
Merchandise: e.g., football kits.
Donations.
raw materials, labour cost per item.
Advertising: e.g., Google or YouTube ads.
Transaction fees: e.g., credit card companies.
Franchise costs and royalties: the amount paid to a brand to use its name and
image.
What is variable costs?
(a)
What are some examples of variable cost?
raw materials, direct labour
Interest earnings: bank interest.
Subsidies.
earnings, advertising
marketing department, salaries
What is a direct cost?
(a)
Examples of direct cost
direct labour
marketing
raw materials
rent
What is indirect cost?
(a)
What is revenue?
(a)
Examples of revenue
selling goos or services
Sponsorship revenue.
Subscription fees.
Merchandise: e.g., football kits.
Donations.
Interest earnings: bank interest.
Subsidies.
materials
playing hokey
What is break even analysis?
(a)
What does a break even analysis contians?
(a)
