Business A-Level
fixed and variable costs
What fixed and variable costs means in Business A-Level, as defined for AQA.
Definition of fixed and variable costs
Check what you remember
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Reference: AQA
Total cost is fixed costs plus variable costs, the variable part being variable cost per unit multiplied by output.
Topics that use fixed and variable costs
- Annex: quantitative skills in business (AQA A-Level)
Related terms
- analysis
- average rate of return
- averages
- axes and scales
- base year
- benchmarking
- break-even charts
- break-even output
Using fixed and variable costs in the exam
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