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Flashcards in Start-up And Running Costs Deck (6)
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What is a start-up cost?

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


What is a running cost?

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


What are examples of start up costs?

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


What are examples of running costs?

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


What is stock?

Stock is what the business sells


What are raw materials?

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