100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
BTEC Business Studies Formulas and Keywords Unit 2 UPDATED ACTUAL Exam Questions and CORRECT Answers $8.49   Add to cart

Exam (elaborations)

BTEC Business Studies Formulas and Keywords Unit 2 UPDATED ACTUAL Exam Questions and CORRECT Answers

 2 views  0 purchase
  • Course
  • BTEC Business Studies Formulas and Keywords
  • Institution
  • BTEC Business Studies Formulas And Keywords

BTEC Business Studies Formulas and Keywords Unit 2 UPDATED ACTUAL Exam Questions and CORRECT Answers Revenue - CORRECT ANSWER- The money coming into the business Fixed Costs - CORRECT ANSWER- Costs that stay the same Variable Costs - CORRECT ANSWER- Costs that change with output

Preview 1 out of 2  pages

  • October 13, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BTEC Business Studies Formulas and Keywords
  • BTEC Business Studies Formulas and Keywords
avatar-seller
MGRADES
BTEC Business Studies Formulas and
Keywords Unit 2 UPDATED ACTUAL
Exam Questions and CORRECT Answers
Revenue - CORRECT ANSWER✔✔- The money coming into the business



Fixed Costs - CORRECT ANSWER✔✔- Costs that stay the same



Variable Costs - CORRECT ANSWER✔✔- Costs that change with output



Total Costs - CORRECT ANSWER✔✔- = Fixed Costs + Variable Costs



Total Variable Costs - CORRECT ANSWER✔✔- = Variable Cost * Quantity



Profit formula - CORRECT ANSWER✔✔- =Revenue - Total Costs



Profit - CORRECT ANSWER✔✔- Money made by the business



Budget - CORRECT ANSWER✔✔- A financial plan for the future



Revenue formula - CORRECT ANSWER✔✔- = Selling price * quantity sold



Break Even - CORRECT ANSWER✔✔- When a business makes neither a loss nor a profit



Break Even formula - CORRECT ANSWER✔✔- =Fixed costs / Contribution



Contribution - CORRECT ANSWER✔✔- Selling Price - Variable Costs

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller MGRADES. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $8.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75632 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$8.49
  • (0)
  Add to cart