Costs and sales

    Cards (5)

    • What are fixed costs?
      Costs of the business that stay the same regardless of how well it is doing
    • What are variable costs?
      Costs that vary with the level of production or sales.
    • What is the selling price per unit?
      Amount paid by each customer for each item bought
    • What are sales in units?
      Quantity of sales
    • What are sales in value?
      Monetary value of sales
    See similar decks