Business Costs
Presentation
•
Social Studies
•
12th Grade
•
Hard
Deneva Contreras
Used 3+ times
FREE Resource
3 Slides • 5 Questions
1
By Deneva Contreras
2
Fixed Costs: one-time costs, costs that don't change
exs rent and lease costs, salaries, utility bills, insurance, and loan repayments
Variable Costs: costs that changes in proportion to how much a company produces or sells
exs raw materials, piece-rate labor, production supplies, commissions, delivery costs, packaging supplies
3
Different Business Situations
Surplus: the amount of an asset or resource that exceeds the portion that's actively utilized; excess supply
ex products that remain sitting on store shelves, unpurchased.
Shortage: a condition where the quantity demanded is greater than the quantity supplied at the market price; excess demand
could lead to people going elsewhere
4
Multiple Choice
How can prices solve problems of surplus?
Higher prices decrease quantity demanded and increase quantity supplied.
Lower prices decrease quantity demanded and decrease quantity supplied
Lower prices increase quantity demanded and decrease quantity supplied.
Higher prices increase quantity demanded and increase quantity supplied.
5
Multiple Choice
Let's pretend you own a bakery that sells muffins. A shift in the demand curve has led to a shortage of eggs so the price for them has increased. What is something you can do to offset these costs?
By growing more rice
By switching to a barter system
By increasing the price of muffins
By allocating rice through rationing
6
Multiple Choice
Under what conditions might a bakery have to throw out many muffins at the end of the day?
a surplus, when quantity demanded is lower than quantity supplied
a shortage, when quantity demanded is lower than quantity supplied
a surplus, when quantity supplied is lower than quantity demanded
a shortage, when quantity supplied is lower than quantity demanded
7
Multiple Choice
If a business owner becomes aware of a shortage in the market for the good or service they produce, they are likely to
increase supply and lower the price.
reduce supply and lower the price.
reduce supply and raise the price.
increase supply more and raise the price.
8
Multiple Choice
Let's say at your bakery you've hired too many pastry chefs so you're experiencing diminishing returns. What is something you can do to address this issue?
Hire more workers.
Wait for its workers to improve.
Fire the manager.
Invest in more equipment.
By Deneva Contreras
Show answer
Auto Play
Slide 1 / 8
SLIDE
Similar Resources on Wayground
8 questions
How to FRQ
Presentation
•
12th Grade
7 questions
Vote
Presentation
•
11th - 12th Grade
8 questions
CONCEPT OF MARKETING
Presentation
•
12th Grade
7 questions
Energy in the Atmosphere
Presentation
•
11th - 12th Grade
8 questions
Variables and Expressions
Presentation
•
University
8 questions
Unemployment, Growth & The Future
Presentation
•
12th Grade
9 questions
Growth of Presidential Power
Presentation
•
12th Grade
8 questions
Tourism organisation, marketing and promotions
Presentation
•
12th Grade
Popular Resources on Wayground
10 questions
Safety Day 2026 – Student Review
Quiz
•
9th Grade
21 questions
Continents and Oceans
Quiz
•
6th Grade
20 questions
Parts of Speech
Quiz
•
5th Grade
16 questions
Subject & Predicate
Quiz
•
5th Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
12 questions
Map Skills
Quiz
•
3rd Grade
22 questions
Continents and Oceans
Quiz
•
5th Grade
15 questions
Rounding Decimals
Quiz
•
5th Grade
Discover more resources for Social Studies
20 questions
Chapter 8 Test "Types of Business Organizations"
Quiz
•
12th Grade
39 questions
Unit 7 Key Terms
Quiz
•
11th Grade - University
38 questions
Unit 6 Key Terms
Quiz
•
11th Grade - University
25 questions
Gilded Age Gallery Walk
Presentation
•
9th - 12th Grade
4 questions
3.3A Expressed v. Implied Powers Quiz
Quiz
•
12th Grade
23 questions
USHC 6 FDR and The New Deal Programs
Quiz
•
9th - 12th Grade
19 questions
Spanish American War
Presentation
•
8th - 12th Grade
62 questions
Midterm Review 2026
Quiz
•
12th Grade