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Unit 3 – Investigating Financial Control

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Unit 3 - Investigating Financial Control I have recently completed my BTEC First Diploma Business and have been employed by Pedro, who owns and runs a hot dog van. He has asked me to investigate his finances; I will be creating a break-even chart for his business. A) Three types of costs to businesses are start-up costs, fixed costs and variable costs. Before a business is set-up, the business will need to buy various items such as building and equipment these are called start-up costs, these costs which happens before the business can begin. These costs also occur when a business expands or decides to star a new venture. Fixed costs are costs which usually occur when the business has begun; these costs remain the same for a period of time and do not vary on output. This means that the business needs to pay the bills whether it sold 100 units or 0...

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