AQA GCSE Business · 8132
Paper 1, Paper 2
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GCSE Business · key term
The sum of a business's fixed costs and total variable costs over a period.
Used by AQA and Edexcel
Paper 1, Paper 2
Specification 1.3.2 · Paper 1
All the costs of a business over a period: total fixed costs plus total variable costs.
Revise: Revenues, Costs, and ProfitsThe distinction between a cost per unit and a total cost matters. Suppose the pottery’s variable cost is £2 per pot.
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