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ComicalYou is such a hit that the older generation joins the network,and most people agree that creating comics is going to replace traditional forms of communication for some time to come.Even businesses are considering how employees can be more creative if they share ideas in comic strips or panels.Ginny and RJ are thrilled to have revolutionized social media.With such a successful product,they believe ComicalYou can be profitable for the long term without further innovation.Discuss whether their opinion is correct.
Fixed Costs
Business expenses that remain constant regardless of the level of production or sales.
Variable Costs
Costs that change in proportion to the business activity or production levels, including raw materials and hourly labor.
Revenues
The total income generated by a company from its business activities before any expenses are subtracted.
Produce
In economic terms, it refers to creating goods or providing services as the result of a process of production.
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