Commerce Career Club
June 15, 2025 at 11:32 AM
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*Definition:*
*Fixed Costs:* are expenses that do not change in proportion to the activity of a business, within the relevant period.
*Variable Costs:* are expenses that change in direct proportion to the activity of a business.
*Example:*
Rent for an office space is a fixed cost. The cost of raw materials for production is a variable cost.
*React with 👍🏻 if you find this informative.*
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