High Operating Gearing Refers To

question 50

Multiple Choice

High operating gearing refers to:

• A) an activity with relatively high fixed costs compared with its variable costs.
• B) an activity with fixed costs equal to its variable costs.
• C) an activity with relatively high variable costs compared with its fixed costs.
• D) an activity with relatively low fixed costs compared with its variable costs.

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Definitions:

Service's

The term "service's" often refers to actions or activities that one party can offer to another, which are intangible and do not result in ownership.

Marketing

The process of creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

Value

The significance, value, or benefit of something to an individual.

Institutions

Established organizations or foundations, especially those dedicated to education, public service, or culture.