ENTREPRENEURSHIP

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 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-3: -Examples of fixed costs are rent and lease costs, salaries, utility bills, insurance, and loan repayments. Some kinds of taxes, like business licenses, are also fixed costs.

Detailed explanation-4: -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-5: -Fixed costs may include lease and rental payments, insurance, and interest payments.