Question: What is the difference between fixed cost and variable cost? Write few suitable examples

What is the difference between fixed cost and variable cost? Write few suitable examples

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

What is the difference between fixed cost and variable cost? Write few suitable examples logistic maneganment

Q:

10. If the price is below the equilibrium level, the resulting effect is known as A. excess supply B. excess demand C. optimal Supply D. optimal demand (over please) 11. An increase in price causes a...

Q:

3. Explain the difference between fixed cost and variable cost? Support your answer with examples?

Q:

Explain the difference between fixed cost and variable cost? Support your answer with 2 examples for each?

Q:

Discuss the importance of calculating Break-even point for any organization (20 marks) Q3. Explain the difference between fixed cost and variable cost? Support your answer with examples? (20 marks)

Q:

The company continues its production training with its new recruits and you are preparing the information on the final stages of the production planning and what takes place at the productivity...

Q:

1. Briefly explain the difference between fixed cost and variable cost. Provide an example of each. 2. Briefly discuss marginal costs, including an explanation of how they are calculated; any...

Q:

opportunity cost is a . The difference between fixed cost and variable cost b . The variable cost a firm incurs by increasing output one unit c . The value of the best alternative use of a firm's...

Q:

"Read the following article and discuss why production of oil in Alberta continued to rise around 2015-2016 despite major companies making losses as a result of sharp declines in oil prices and why...

Q:

Read the following article and discuss why production of oil in Alberta continues to rise despite major companies making losses as a result of sharp declines in oil prices and why this is not...

Q:

Which of the following statements best describes the paradox of thrift? Households increase savings during recessions, which causes consumption to fall, aggregate expenditures to fall, and may...

Q:

Vehicle Routing at Otto's Discount Brigade," from the textbook. Disregard the section titled, "Challenge for the Logistic Manager." You will use the "Supply Chain Analytics Case Study Data" and...

Q:

KKosmetics manufactures make-up for women. The company sells its products across Europe but wants to start selling to African countries. The Marketing Director says, There are a lot of opportunities...

Q:

What is an example of constructive feedback? provide reference