ENTREPRENEURSHIP

Detailed explanation-1: -Overhead refers to all non-labor expenses required to operate your business.

Detailed explanation-2: -Overhead refers to the costs of running a business that are not directly related to producing a good or service. These costs can be fixed, such as rent, or variable, such as transport costs. They can also be semi-variable, such as utilities.

Detailed explanation-3: -Overhead costs, also called “overhead expenses” or “operating expenses", are expenses associated with running a business that can’t be linked to creating or producing a product or service. They are the expenses the business incurs to stay in business, regardless of its success level.

Detailed explanation-4: -While they’re not directly related to your product or service, they’re non-labor costs essential for running a business. They include fixed costs, such as rent and mortgage, and recurring expenses, like administrative and marketing fees.