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ZIMSEC O-Level Business Enterprise and Skills

7.5.7Business costs

Business costs in ZIMSEC O-Level Business Enterprise and Skills: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic19 practice questions1 lesson

Overview

Form 4: fixed, variable, direct and indirect costs.

Learning objectives

What the syllabus expects you to be able to do.

  1. 7.5.7.1Classify business costs.

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.

Business costs: sample question

1 mark

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

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