Fixed Costs | 60 Second Business
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Fixed Costs | 60 Second Business
Fixed costs are costs that do not change with the level of output a business produces – in the short term. Whether a bakery makes 100 loaves or 1,000 loaves this month, fixed costs like rent on the shop, business rates, salaries of full-time staff, and insurance premiums stay the same. Because fixed costs stay the same regardless of output ...
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