Business
Business, 04.06.2021 23:50, lyn94

Companies incur two types of production costs: variable costs and fixed costs. Variable costs vary based on the amount of output produced.
Variable costs may include labor, commissions, and raw materials.
Fixed costs remain the same regardless of production output.
Fixed costs may include lease and rental payments, insurance, and interest payments.

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Companies incur two types of production costs: variable costs and fixed costs. Variable costs vary...

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