fiance

Question 1

fixed cost

Answer 1

stay the same

Question 2

variable cost

Answer 2

cost that change as the business output changes

Question 3

calculate revenue

Answer 3

selling price per product X number of products sold

Question 4

calculate costs

Answer 4

fixed costs + variable costs

Question 5

calculate profit and loss

Answer 5

any revenue left after all business costs have been paid