Edexcel GCSE Business Studies © Pearson Education 2009 Chapter 15 Key terms Reveal the key term by clicking the forward arrow on your keyboard. Fixed costs.

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Pricing: Understanding and Capturing Customer Value

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Edexcel GCSE Business Studies © Pearson Education 2009 Chapter 15 Key terms Reveal the key term by clicking the forward arrow on your keyboard. Fixed costs Loss Profit

Edexcel GCSE Business Studies © Pearson Education 2009 Chapter 15 Key terms Reveal the key term by clicking the forward arrow on your keyboard. Fixed costs- costs which do not vary with the amount produced such as rent, business rates, advertising costs, administration costs and salaries. Loss Profit

Edexcel GCSE Business Studies © Pearson Education 2009 Chapter 15 Key terms Reveal the key term by clicking the forward arrow on your keyboard. Fixed costs- costs which do not vary with the amount produced such as rent, business rates, advertising costs, administration costs and salaries. Loss- occurs when the revenues of a business are less than its costs over a period of time. Profit

Edexcel GCSE Business Studies © Pearson Education 2009 Chapter 15 Key terms Reveal the key term by clicking the forward arrow on your keyboard. Fixed costs- costs which do not vary with the amount produced such as rent, business rates, advertising costs, administration costs and salaries. Loss- occurs when the revenues of a business are less than its costs over a period of time. Profit- occurs when the revenues of a business are greater than its costs over a period of time.

Edexcel GCSE Business Studies © Pearson Education 2009 Chapter 15 Key terms Reveal the key term by clicking the forward arrow on your keyboard. Revenues or sales revenue or turnover or sales turnover Sales volume Total costs Variable costs

Edexcel GCSE Business Studies © Pearson Education 2009 Chapter 15 Key terms Reveal the key term by clicking the forward arrow on your keyboard. Revenues or sales revenue- the amount of money received from selling or turnover or sales goods or services over a period of time. turnover Sales volume Total costs Variable costs

Edexcel GCSE Business Studies © Pearson Education 2009 Chapter 15 Key terms Reveal the key term by clicking the forward arrow on your keyboard. Revenues or sales revenue- the amount of money received from selling or turnover or sales goods or services over a period of time. turnover Sales volume- the number of items or products or services sold by a business over a period of time. Total costs Variable costs

Edexcel GCSE Business Studies © Pearson Education 2009 Chapter 15 Key terms Reveal the key term by clicking the forward arrow on your keyboard. Revenues or sales revenue- the amount of money received from selling or turnover or sales goods or services over a period of time. turnover Sales volume- the number of items or products or services sold by a business over a period of time. Total costs- all the costs of a business; it is equal to fixed costs plus variable costs. Variable costs

Edexcel GCSE Business Studies © Pearson Education 2009 Chapter 15 Key terms Reveal the key term by clicking the forward arrow on your keyboard. Revenues or sales revenue- the amount of money received from selling or turnover or sales goods or services over a period of time. turnover Sales volume- the number of items or products or services sold by a business over a period of time. Total costs- all the costs of a business; it is equal to fixed costs plus variable costs. Variable costs- costs which change directly with the number of products made by a business such as the cost of buying raw materials.