2.2.2 Sales, revenue and costs
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Description and Tags
6 Terms
1
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Sales volume
Number of units sold by a business
2
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Sales revenue
Selling price X Quantity sold
3
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Fixed cost
Costs that do not change with output
4
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Variable cost
Costs that change with output
5
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Total costs
Total fixed costs + total variable costs
6
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Total Variable costs
variable cost per unit X number of units