Term Papers on Mr from Term Papers Lab.
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Business Revision-
Direct Costs
Direct costs are costs that are directly involved in producing products. For example raw materials.
Indirect Costs
Indirect costs are costs that do not directly go into the producing of products. For example overheads.
Fixed Costs
Fixed costs are those that are not dependant on the level of production. I.e. Telephone bills.
Variable Costs
Variable are costs that change dependant of the level of output. For example raw materials.
Break Even
The break even point is the point where a businesses outputs will just cover it's cost. Calculating the break even point: fixed costs/(selling price variable costs)
Internal Finance
Five sources:
Retained Profit (Putting profit back in)
Fixed Assets (Selling them)
Re-invest savings
External Finance
Short term (less than 1 year):
Overdraft
Personal Savings
Medium-term (1-5 years):
Bank loan
Lease assets instead of buying
Grants
Long-term(>5 years):
Mortgage......
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Title: Mr
Approximate Word Count: 1085
Approximate Pages: 5 (250 words per double-spaced page)
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