ENTREPRENEURIAL MARKETING
PRICING STRATEGIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The rent your company pays is a ____ cost
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fixed
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variable
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Fixed costs are expenses that a company pays that do not change with production levels. Rent is one example. Unlike fixed costs, variable costs (e.g., shipping) change based on the production levels of a company.
Detailed explanation-2: -Fixed cost is a business expense that does not change regardless of the activity level of the business. Examples of fixed costs include rent, salaries, insurance, property taxes, interest expenses, depreciation, and potentially some utilities.
Detailed explanation-3: -Fixed costs may include lease and rental payments, insurance, and interest payments.
There is 1 question to complete.