Break-even, When revenue and expenditure are equal, Fixed costs, Costs that DO NOT change with output, Contribution, Selling price per item minus variable cost per item, Start-up costs, Costs needed only at the start of the business to set up, Operating costs, Costs that are ongoing, Margin of Safety, The difference between the BE point and the expected number of sales, Sales Revenue, Money earned from selling, Total costs, Fixed and Variable costs added together, Variable costs, Costs that change with output, Expenditure (costs), Things a business needs to pay for, Profit, The money left over after all costs have been paid for

Finance Definitions

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