4.04 Entrepreneurship I

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Across
  1. 3. Business costs that are not affected by changes in sales volume; also known as fixed expenses
  2. 5. The ongoing, day-to-day expenses of running a business that are not directly related to production
  3. 7. A pricing method in which the business determines how much customers will pay for a product, then adjusts costs accordingly
  4. 9. Operating costs that fluctuate with changes in production; also known as variable costs
  5. 11. Cost savings created by increased levels of production
  6. 12. Expenses that are fixed until the company reaches a certain level of production, then become variable; also called semi-variable costs or semi-fixed costs
  7. 13. Expenses that are fixed until the company reaches a certain level of production, then become variable; also called mixed costs or semi-variable costs
  8. 14. The difference between the total cost of a product and its selling price
  9. 15. Business costs that change according to changes in sales volume; also known as variable expenses
  10. 16. A one-time purchase a business makes (e.g., land, building, equipment)
  11. 17. A company’s revenue after subtracting the costs of the products it has sold
  12. 18. The point at which a business’s total sales equal its total expenses; the business has not yet made a profit but has not incurred any losses
Down
  1. 1. The sum of the overhead and direct costs required to make a product
  2. 2. Loss of value
  3. 4. Expenses that are fixed until the company reaches a certain level of production, then become variable; also called mixed costs or semi-fixed costs
  4. 6. Operating costs that do not increase or decrease with changes in production; also known as fixed costs
  5. 8. A pricing method in which the business adds a predetermined markup to the total cost of making the product
  6. 10. An amount a salesperson earns per sale, either a percentage or a flat rate