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1.6.2 Basic financial terms and calculations
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Fixed, Variable and Total Costs

Fixed, Variable and Total Costs

Fixed costs stay the same as output changes and must still be paid if the business produces or sells nothing. Examples include rent, insurance, loan interest and salaries paid to permanent staff.

1.6.2 Basic financial terms and calculations Lesson

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

Step-by-step lessons on AQA GCSE Business 1.6.2 Basic financial terms and calculations. Each one builds up to exam-style questions. Start by mastering business terminology and the functional areas (marketing, finance, operations, HR) before moving on to the extended, evaluation-heavy questions that carry the most marks.

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