Fixed Costs & Variable Costs | A-Level, IB & BTEC Business

Описание к видео Fixed Costs & Variable Costs | A-Level, IB & BTEC Business

The important concept of business costs is introduced in this video. Jim explains the concept of fixed and variable costs - which are an essential part of understanding the concept of breakeven.

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VIDEO CHAPTERS
0:00 Introduction
0:09 What are Costs?
0:22 Costs are important because they...
0:40 Key Distinction: Variable & Fixed costs
1:35 Examples of Variable Costs
2:36 Examples of Fixed Costs
3:06 Calculating Total Costs
3:25 Total costs - Example Calculation
4:17 How Costs Change with Output

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