Operating (Running) Costs Flashcards
1
Q
Examples of Operating costs?
A
Rent or mortgage Restocking of materials Wages for employees Interest on any money borrowed Utility bills - gas, electricity and water Telephone and Internet Repairs and maintenance Insurance
2
Q
What is Operating Costs?
A
When a business is up and running, there will still be costs that are incurred in the day-to-day running of the business.
