ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Startup costs are the non-recurring expenditures that incur during the process of establishing a new business. All startups are different from each other. Hence, their costs also vary from one another. These costs include costs like startup insurance fees, legal fees, registration charges, accountant’s fees, etc..

Detailed explanation-2: -Startup costs are the expenses incurred during the process of creating a new business. Pre-opening startup costs include a business plan, research expenses, borrowing costs, and expenses for technology. Post-opening startup costs include advertising, promotion, and employee expenses.

Detailed explanation-3: -A startup cost is any expense incurred when starting a new business. Startup costs will include equipment, incorporation fees, insurance, taxes, and payroll. Although startup costs will vary by your business type and industry-an expense for one company may not apply to another.

Detailed explanation-4: -What are examples of startup costs? Examples of startup costs include licensing and permits, insurance, office supplies, payroll, marketing costs, research expenses, and utilities.

Detailed explanation-5: -Startups have a number of fixed costs, especially those with physical locations (as opposed to fully remote companies). Common examples of fixed costs include: Lease and rent payments. Property tax.