http://www.youtube.com/watch?v=_QvguJJNilA

Sources of Revenue and Costs

If you own a pizza restaurant,What happens when you sell one?

What happens when you order more dough balls?

• Revenue = income coming into the business from sales, through a grant, the leasing of premises or interest on money in the bank.

• Costs = any payments that are made from a business, for example telephone bills or the manufacture of products to sell.

Complete the worksheet stating the businesses revenue and costs…

Start Up Costs and Running Costs

• Start up costs are costs that a business has to cover when it is first set up. For example…

• Running Costs are costs that the business must pay regularly (once a day, week or

month). For example…

Cost Start Up Cost Running Cost

Dough Balls

Knives

Coca-Cola

Chairs

Tables

Pizza Oven

Electricity

Forks

Start- up Costs and Running Costs

Just Checking…

Primary Sector?

Secondary Sector?

Tertiary Sector?

Bed and Breakfast

• Sources of revenue

• Start Up Costs

• Running Costs