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if you are talking about the costs associated with running a business, they are called "operating costs" there are also the costs that are required to get a business running, they are called "startup costs"

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15y ago

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What is the Differences between internal and external cost?

Internal costs are costs that a business bases its price on. External costs are costs that are not included in what the business bases its price on Nicodem


What are finance costs?

IN Basic they would be costs of interest charged on business loans, costs of banking, costs of purchasing a loan. Banks will charge to arrange a business a loan.


Why is it important for a business to know about all its costs?

•Lower costs mean higher profit. •They show managers are efficient. •If costs are kept down, more money can be spent (invested) to improve the business. •If you can lower costs, you can lower prices and sales will increase. •The business must know what its costs are in order to cut them. •If costs are high it shows the business is wasting money.


What are establishment expenses?

These costs include the initial costs in establishing the business (e.g. rent, insurance and stock), capital costs (e.g. equipment, plant and machinery) and operating costs (the cost of operating the business until income is sufficient to cover the costs of the business).when you save the money your future will be bright...


Why is it important for a business to calculate business costs?

To know what they have spent....


When a business is calculating its operating costs it must include .?

Variable costs.


When a business is calculating its operating costs what must it include?

Variable costs.


Does profit means money that remains after costs of running business?

Yes profit means money that remains after a costs of running a business


Why are costs profit and revenue important?

Revenue is important because it is the money that comes into the business and the business will be able to use it on any possible equipment or resources that are needed. Profit is important because it is the money the business has after deducting all the costs. The business will be able to spend this money on any equipment or resources that are needed. Costs is important because it helps the business see how much money this business will have after payng for all the costs.


Are normal costs unavoidable costs?

Normal costs are regular costs incurred in the normal operation of a business. They are unavoidable since they are always anticipated.


What Costs which can be eliminated in whole or in part if a particular business segment is discontinued?

avoidable costs


What are the Disadvantages of controlling costs and budgets in a business?

no