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1.6.2 Basic financial terms and calculations

Card 1 of 20

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.

Card 1 of 20

1.6.2 Basic financial terms and calculations Flashcards

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

20 flashcards on AQA GCSE Business 1.6.2 Basic financial terms and calculations: the key terms, formulae and case studies you need to recall for Paper 1 and Paper 2.

Flashcards