1
Q
What are fixed costs?
A
costs that do not change with output
2
Q
What are variable costs?
A
costs that change directly with output
3
Q
What are direct costs?
A
costs that are directly linked to production
4
Q
What are indirect costs?
A
costs that are not directly linked to production
5
Q
What are revenue streams?
A
the ways in which a business earns its revenue
6
Q
How can multiple revenue streams help a business?
A
helps:
expand into new market segments
improve revenue and profitability
