Business GCSE
Costs
What Costs means in Business GCSE, as defined for AQA.
Definitions of Costs
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Check what you remember
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Reference: AQA
The payments made to produce and sell output, split into fixed costs and variable costs, which together give total costs.
The payments made to produce output, split into fixed and variable elements.
The amounts a business spends to produce and sell its goods or services.
Topics that use Costs
- Business planning (AQA GCSE)
- Financial terms and calculations (AQA GCSE)
- The elements of the marketing mix: price, product, promotion and place (4Ps) (AQA GCSE)
Related terms
Using Costs in the exam
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