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Running a business is all about making smart financial decisions, and understanding the difference between fixed and variable costs is key!
Fixed costs, such as rent or salaries, stay the same regardless of how much you produce or sell. Variable costs, on the other hand, change based on production or sales, such as the cost of materials or shipping.
By understanding these costs, you can better plan for the future and make informed decisions about pricing and production. Don't let fixed and variable costs catch you off guard - stay ahead of the game and keep your business thriving!
#fixedcosts #variablecosts #businessmanagement
