Business GCSE
Fixed Costs
What Fixed Costs means in Business GCSE, as defined for Eduqas, OCR.
Definitions of Fixed Costs
Exam boards and our study guides word this term in slightly different ways. Learn the version your board uses.
Business expenses that do not change regardless of the amount of goods or services produced.
Costs that do not change with the level of output (e.g., rent, business rates).
Costs that do not change with the level of output or sales.
Costs that do not change with the level of output.
Costs that do not vary with the level of output.
Topics that use Fixed Costs
- Finance (Eduqas GCSE)
- Break-even (OCR GCSE)
- Business location (OCR GCSE)
- Finance (OCR GCSE)
- Revenue, costs, profit and loss (OCR GCSE)
Related terms
- Variable Costs
- Break-Even Point
- Revenue
- Retained Profit
- Cash Flow Forecast
- E-commerce
- Average Rate of Return (ARR)
- Business Rates
Using Fixed Costs in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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