A-level Paper 1, June 2017Markets and Business Behaviour
A-level Paper 1, June 2017, Q5(b)
Explain the difference between fixed costs and variable costs.
Short answerExplain2 marks
Context
Figure 1 shows the distribution of the revenue received from the sale of a Starbucks cappuccino drink priced at £2.27 in 2015. Figure 1 Coffee 4% Milk 4% Packaging 8% Rent/rates 15% Admin/ overheads 15% Labour 24% VAT 17% Profit 13% …
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