Quiz| entrepreneur Flashcards
1
Q
Product cost
A
Products meant to sell to customers
2
Q
Direct Cost
A
relating to the productions OF the goods (basically the sources)
3
Q
Indirect Cost
A
Cost that don’t relate to specific goods and are for the background of the business
4
Q
fixed cost
A
Rent, doesn’t change.
5
Q
variable cost
A
a cost that fluctuates
6
Q
SG&A
A
everyday expenses of running a business
7
Q
Frill
A
Something offered to customers for no additional charge
8
Q
Cost driven structures
A
specializing in making their products cost low
9
Q
value driven structures
A
Specialized in having things with greater value
10
Q
Administrative costs
A
the necessary costs to maintain a company’s daily operations and administer its business
11
Q
operating costs
A
12
Q
A
