Y11 BTEC unit 3

A start up cost for a bakery might be?

• Salaries

• An oven

• Wages

• Rent

A variable cost for a tattoo business might be?

• Insurance

• A sign for outside the shop

• Ink

• Salaries

A fixed cost for an online video gaming business might be?

• Salaries for content developers

• An oven

• A sign for the shop

• Raw materials

Break-even analysis shows:

• Miss Lea's lessons

• The total profit a business makes on a good day

• When a business is not making a profit or a loss

• The number of tricks a skateboarder can do without breaking bones

Total costs =

• Fixed costs x output

• Variable costs - selling price

• Selling price x output

• Fixed costs + Variable costs

Break even analysis can be calculated how many ways?

• 1

• 2

• 3

• 4

A start up cost for a school might be?

• Exam entry fees

• The land and buildings

• Teachers

• Cash register

It is important to have what equipment for unit 3 lessons?

• A long ruler, a pencil and a calculator

• A long ruler, snacks and a good book

• A calculator, paint and a hat

• graph paper

This unit is tested by an exam

• True

• False

Break-Even is a common objective for new businesses

• True

• False