which two should be inclueded when calculation start up costs for a business?
permits,licenses, and incoporation fees.business cards.
When calculating start-up costs for a business, there are many different expenses to consider. However, two important items that should be included are:
1. Fixed Costs: These are the expenses that do not change with the number of units or products that a business sells. Examples of fixed costs could include things like rent for office or retail space, equipment costs, legal fees, and insurance.
2. Variable Costs: These are the expenses that vary based on the number of products or units sold. Examples of variable costs could include things like the cost of raw materials, labor costs, shipping expenses, and marketing costs.
By considering both fixed and variable costs, business owners can get a more comprehensive understanding of the financial requirements needed to start their business and ensure that they have sufficient resources to cover these costs.
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