ENTREPRENEURSHIP

Detailed explanation-1: -Fixed expenses generally cost the same amount each month (such as rent, mortgage payments, or car payments), while variable expenses change from month to month (dining out, medical expenses, groceries, or anything you buy from a store).

Detailed explanation-2: -The definition of fixed expenses is “any expense that does not change from period to period, ‘’ such as mortgage or rent payments, utility bills, and loan payments. The amounts may vary slightly, which may be the case with utilities, but you know they are due on a regular basis.

Detailed explanation-3: -Fixed costs are expenses that stay the same no matter how much the business sells. These are regular costs the business must pay and they are not affected by how much the business produces. Common fixed business costs include: Rent/lease payments or mortgage.

Detailed explanation-4: -Fixed costs are those that don’t change over the course of time.

Detailed explanation-5: -Fixed costs are costs that are independent of volume. Fixed costs tend to be costs that are based on time rather than the quantity produced or sold by your business. Examples of fixed costs are rent and lease costs, salaries, utility bills, insurance, and loan repayments.