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1.6.2 Basic financial terms and calculations

Why must a business pay fixed costs even if it sells nothing?

A

Fixed costs increase whenever the selling price falls.

B

Variable costs stay the same whatever the level of output.

C

Fixed costs stay the same whatever the level of output.

D

Fixed costs disappear when output falls to zero.

1.6.2 Basic financial terms and calculations Flashcards

  1. GCSE
  2. /Business
  3. /1.6.2 Basic financial terms and calculations

Flashcards for AQA GCSE Business 1.6.2 Basic financial terms and calculations, covering the key terms, formulae and case studies you need to recall for Paper 1 and Paper 2. 20 cards, matched to the AQA GCSE Business (8132) specification. Recall questions account for roughly 35% of marks at GCSE Business, so these target the marks you can secure before the paper starts.