expenses that a business pays for that are not directly tied to a specific function

Advantages or payments employees receive in addition to their wages

the total amount of money spent on cost of materials, labor, taxes to manufacture economic goods and services

The amount of money a business has paid for the product it has sold

the expenses involved with manufacuring, promoting, and distributing a product

Prices charged by individuals specially trained in specific fields of arts and sciences

Sales and Marketing Costs

all reasonable costs and expenses that are attributable to the description, sale, promotion, and marketing of a product

all of the new expenses involved in starting a new business or intuoducing a new product

expenses associated with aquisition or development, implementation, development, and maintenance of technology assets

money payments for labor on an hourly, daily, or monthly basis

the ongoing, day-to-day expenses of running a business that isn't related to production

operating costs that do not increase or decrease with changes in production

operating costs that flucuate with changes in production

expenses that are fixed until the company reaches a certain level of production, then become variable

a company's revenue after subtracting the costs of the products it has sold

the point at which a business's total sales equal total expenses

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Startup Costs

Term	Definition
Administrative Cost	expenses that a business pays for that are not directly tied to a specific function
Benefits	Advantages or payments employees receive in addition to their wages
Cost of Production	the total amount of money spent on cost of materials, labor, taxes to manufacture economic goods and services
Cost of Sales	The amount of money a business has paid for the product it has sold
Costs	the expenses involved with manufacuring, promoting, and distributing a product
Professional Fees	Prices charged by individuals specially trained in specific fields of arts and sciences
Sales and Marketing Costs	all reasonable costs and expenses that are attributable to the description, sale, promotion, and marketing of a product
Start-up Costs	all of the new expenses involved in starting a new business or intuoducing a new product
Technology Costs	expenses associated with aquisition or development, implementation, development, and maintenance of technology assets
Wages	money payments for labor on an hourly, daily, or monthly basis
Operating Expenses	the ongoing, day-to-day expenses of running a business that isn't related to production
Fixed Costs	operating costs that do not increase or decrease with changes in production
Variable Costs	operating costs that flucuate with changes in production
Semi-variable Costs	expenses that are fixed until the company reaches a certain level of production, then become variable
Gross Profit	a company's revenue after subtracting the costs of the products it has sold
Break-even Point	the point at which a business's total sales equal total expenses

Created by: GabrielRO

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