Sales Revenue - Money earned from selling, Expenditure - things a business needs to pay for, Profit - The money that is left after all costs have been taken out, Break even - When Revenue and Expenditure are equal, Fixed costs - are costs that DO NOT change with output, Variable costs - are costs that DO CHANGE with output, Total costs - fixed and variable costs added together, Start-up costs - only those costs that are needed to start the business up at first, Operating costs - costs which are ongoing (paid regularly), Contribution - selling price minus variable cost per item, Margin of Safety - the difference between the BE point and the expected level of sales,

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