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Cambridge IGCSE Business Studies

4.4.1Identify and classify costs

Identify and classify costs in Cambridge IGCSE Business Studies: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic18 practice questions1 lesson

Learning objectives

What the syllabus expects you to be able to do.

  1. 4.4.1.1Classify and calculate fixed, variable, average and total costs.
  2. 4.4.1.2Use cost data to make simple decisions.

Lessons

  • Business costs: fixed, variable, total and average

    35 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

Identify and classify costs: sample question

1 mark

Why does average cost usually fall as a firm produces more units?

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