2.2.2

Cards (6)

  • selling price
    the price a business charges for a product
  • sales volume
    the total volume of sale/ products sold
  • sales revenue calculation
    selling price X number of products sold
  • fixed costs
    costs which stay the same regardless of production / output
  • variable costs
    costs relating to the number of items produced
  • variable costs calculation
    variable cost per unit X units sold