G10 Business Costs Review 2

• Business Studies
• Secondary Education

Tuesday, 22nd February 2024 

Unit 2 

Business Costs 

Review

1. To review business costs, specifically the break-even point.
2. To review key terms.. 
3. To finish off project sheet. 

Operations Unit in the Production department repairs machines and checks orders are done.

1. true
2. false

kahoot.it

Unit 2 Operation - Break-even and Costs

LMS Activity 2.8

Choose the correct words to fill in the blanks: total costs, unit, all, price, total revenue, production, loss, higher, profit.

If the total costs are less than 1.___________, the business is making a 2.__________ . If the 3.______________ are more than total revenue, the business is making a 4.___________. Whereas total cost shows the amount of money spent on 5. ___________  output, average cost shows the amount of money spent on a single 6. __________ of output. It is important to know the average cost per unit when deciding on the 7.__________ . The price should be 8. ___________ than the average cost. A business can use cost information to decide if the 9.____________ of a product/service should continue or not. 

Choose a question to answer:
1. If each employee receives 2000 AED as a salary, how much does the company pay for salaries?
2. If you were the manager of Al Ain Dairy Company, what would you do to increase productivity?