GCSE business words
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indirect |
Indirect costs are costs that can't be directly related to making a profit.
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liabilities |
Liabilities are what a business owes to other businesess.
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loss |
Loss is when expenditure is greating than revenue.
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margin |
Margin of safety is the difference between target or actual sales.
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profit |
Net profit is the money left over expenditure.
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operating |
Operating costs are paid by a business on a regular basis.
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overheads |
Overheads are a type of expenditure that needs to be paid even if a business produces nothing.
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profit |
Profit is when revenue is greater than expenditure.
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revenue |
Revenue is all the money that a business recieves.
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start |
Start up costs is what a business has to pay once when a business is set up.
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variable |
Variable costs are costs that change depending on output.
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working |
Working capital is the money available to pay for the day to day costs of running a business.
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* This sentence was added by a Spellzone user.
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