Describe fixed, variable, and mixed cost behavior. Distinguish between direct costs and indirect costs. Give an example
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Describe fixed, variable, and mixed cost behavior. Distinguish between direct costs and indirect costs. Give an example of each. Outsourcing is a major financial decision that companies rely on for adequate operation. Give reason(s) as to why a company would decide on outsourcing.
Describe some cost savings these companies might realize by reducing the number of items they sell or use in production.
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