1.

The distinction between variable costand fixed cost is relevant only in+short periodООO mixed periodlong periodmedium term​

Answer»

Answer:

Fixed COST includes expenses that remain constant for a period of time irrespective of the level of outputs, like rent, salaries, and LOAN payments, while variable costs are expenses that change directly and proportionally to the changes in business ACTIVITY level or volume, like direct labor, TAXES, and OPERATIONAL expenses.

Explanation:



Discussion

No Comment Found

Related InterviewSolutions