Business GCSE
Variable Costs
What Variable Costs means in Business GCSE, as defined for Eduqas, OCR.
Definitions of Variable Costs
Exam boards and our study guides word this term in slightly different ways. Learn the version your board uses.
Costs that change directly with the level of output (e.g., raw materials, transport).
Costs that change directly in proportion to the level of output.
Costs that vary directly with the level of production or sales.
Costs that change directly with the level of output.
Topics that use Variable Costs
- Finance (Eduqas GCSE)
- Break-even (OCR GCSE)
- Business location (OCR GCSE)
- Finance (OCR GCSE)
- Revenue, costs, profit and loss (OCR GCSE)
Related terms
- Fixed Costs
- Break-Even Point
- Revenue
- Retained Profit
- Cash Flow Forecast
- E-commerce
- Average Rate of Return (ARR)
- Business Rates
Using Variable 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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