ENTREPRENEURSHIP

Detailed explanation-1: -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-2: -Operating expenses, also known as selling, general and administrative expenses (SG&A), are the fixed costs your business incurs that are not directly related to production. Operating expenses-also known as selling, general and administrative expenses (SG&A)-are the costs of doing business.

Detailed explanation-3: -Overhead costs include things like rent and utilities, business licenses, accounting fees, advertising expenses, and payroll. These costs are fairly predictable and constant, whereas direct costs, such as raw materials or packaging supplies, are directly correlated to the product or service you provide.

Detailed explanation-4: -Production Overhead. Administration Overhead. Selling Overhead. Distribution Overhead. Research and Development Overhead.