key terms Flashcards
1
Q
what is a start up cost?
A
the amount of money spent setting up a business before it starts trading.
2
Q
what does employment mean?
A
to give someone a job or occupation
3
Q
what does inflation mean?
A
when the price of something goes up in price
4
Q
what does income mean?
A
money which is paid into a business
5
Q
what does operating costs mean?
A
money spent on a regular basis to keep a business running
6
Q
what does fixed costs mean?
A
expenditure on items which does not change with the number of items sold or produced.
