Unit 2: Introduction: Part 1:

• All businesses have to spend money before they can make a profit, and when they spend money, they incur costs. 
• In this unit, you will explore the types of costs that businessesincur, from the initial start-up costs involved in setting up a business to the ongoing daily costs of running the business. 
• You will then explore the ways in which the sale of products and services generates revenue, so that you can develop your understandingof profit.