Fixed costs

HideShow resource information
View mindmap
  • Fixed costs.
    • Fixed costs are the costs that remain the same even when costs fall or increase.
      • These have to be paid no matter how many poducts the business makes, sells or how many customers it has
    • Examples..
      • Salaries, Coucil tax, rent, insurance, utilities. `
    • They stay the same regardless of the product level

Comments

No comments have yet been made

Similar Business resources:

See all Business resources »See all Unit 2 resources »