Exam (elaborations)
APM PMQ Business Case and Investment Appraisal | Questions with 100% Correct Answers | Verified | Latest Update 2024
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What is a fixed cost? - A cost that remains the same over a given period of time irrespective of output/production changes e.g. rent, rates, step fixed costs. What is a variable cost? - Refers to a constant amount per unit of output/production e.g. changes in proportion to the volume of output; ...
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