Business English Vocabulary

Costs - Business English Vocabulary Exercise

More of this Feature • The Balance Sheet: Vocabulary Join the Discussion "What does the term:"Corporate America" refer to? what are the implications?" Jen Related Resources • Basic Business Letters • Business Letter Lesson • Phrasal Verbs: Money From Other Guides

This feature focuses on various areas of essential Business English vocabulary. The first quiz concerns various costs that are involved in running a business. Use the words listed below and decide which type of cost fits the definition. Once you have chosen your answers, click on the arrow to see if you have answered correctly.

fixed variable labor advertising distribution storage manufacturing operating

Worker and staff employment costs	-- labor costs
Total costs for production of all products	-- manufacturing costs
Day to day cost of running a business	-- operating costs
Non-changing costs such as rent, lighting, heating, etc.	-- fixed costs
Changing costs of employment, raw materials, etc. based on rate of production	-- variable costs
Costs related to encouraging consumers to buy a product	-- advertising costs
Costs related to keeping goods in warehouses or other locations	-- storage costs
Costs related to delivering goods to points of sale	-- distribution costs

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