Cost & Expenses
Cost that stay the same.
What are fixed costs?
Pricing by adding a markup.
What is cost‑based pricing?
One‑time purchase like land or equipment.
What is capital expenditure.
Another name for semi‑variable costs.
What are mixed costs?
Costs that are partly fixed, partly variable
What are semi‑variable costs?
Costs that change with production.
What are variable costs?
Pricing based on what customers will pay.
What is price‑based costing?
Loss and value over time
What is depreciation.
Another name for variable expenses.
What are variable cost?
Expenses that change with production.
What are variable expenses?
Costs that are partly fixed, partly variable.
What are mixed costs?
Difference between cost and selling price.
What is price markup?
Cost savings from producing more.
What is economies of scale?
Another name for fixed expenses.
What are fixed cost?
Day‑to‑day business costs.
What are operating cost?
All costs needed to make a product.
What is total cost?
Revenue minus cost of goods sold.
What is gross profit?
Money earned per sale.
What is sales commission.
Cost that rise with sales volume.
What are variable cost?
Pricing based on customer willingness.
What is price-based costing?
Daily costs of running a business.
What are operating costs?
When sales equal expenses.
What is the break‑even point?
Another name for fixed costs.
What are fixed expenses?
Another name for semi-fixed cost.
What are mixed cost?
Point of no profit, no loss.
What is break-even point?