cost, revenue, profit Flashcards
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1
Q
what is total costs?
A
all money left for running business
2
Q
what is profit?
A
money left after you buy a total cost
3
Q
what is revenue?
A
all money you have after selling.
4
Q
what is variable cost?
A
cost for running business that cab change. ( if you sell more you have more revenue and can buy more variable cost)