Which term describes the ongoing costs associated with a business after it has been established?

The term that refers to the ongoing costs associated with a business after its establishment is "operating costs." These costs include all the expenses required for the day-to-day functioning of the business, such as rent, utilities, salaries, raw materials, and other necessary expenditures to maintain operations. Operating costs are essential for ensuring that the business continues to run smoothly and effectively over time.

In contrast, startup costs are incurred before the business officially opens and include expenses such as initial equipment purchases, facility setup, and other costs needed to get the business off the ground. Sales costs refer specifically to the expenses tied to the promotion and sale of the products or services, while administrative costs relate to the overhead associated with managing the business rather than its operational processes. Understanding the distinction between these terms is crucial for effective financial management in a community pharmacy setting.