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10 cards from this deck
Expenses a business pays to operate & produce goods/services
Expenses that stay constant regardless of production level
Rent, insurance premiums, salaries of permanent staff
Costs that change directly with production/activity level
Raw materials, direct labour wages, energy costs
Total money a business receives from its trading activities
A specific source of income for the business
Income from one-off purchases where customers pay once
Regular payments from customers for continued access
Profit = Revenue - Total Costs
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