Start-up And Running Costs Flashcards Preview

Business GCSE Edexcel > Start-up And Running Costs > Flashcards

Flashcards in Start-up And Running Costs Deck (6)
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1

What is a start-up cost?

A start-up cost is a one off cost that occurs before a business starts trading

2

What is a running cost?

A running cost is a cost that is paid on a regular basis to ensure operation of a business

3

What are examples of start up costs?

Machinery, buildings and premises, fixtures and fittings, specialised equipment, delivery vehicles and other things such as tills

4

What are examples of running costs?

Stock, raw materials, bills, wages, rent and a monthly advert

5

What is stock?

Stock is what the business sells

6

What are raw materials?

Raw materials are materials that are used to create stock, they are usually the components of a product