Steve
03-03-2005, 11:04 AM
Business Term Definitions
Fixed Costs - expenses that do not change regardless of production increases or decreases, for example, rent, insurance, interest on loans, etc.
Operating Costs - The day-to-day expenses incurred in running a business, such as sales and administration, as opposed to production. also called operating expenses.
Fixed Costs - expenses that do not change regardless of production increases or decreases, for example, rent, insurance, interest on loans, etc.
Operating Costs - The day-to-day expenses incurred in running a business, such as sales and administration, as opposed to production. also called operating expenses.