Examlex
The major trade association of franchising is the ______.
Variable Costs
Costs that vary directly with the level of production or sales volume.
Fixed Costs
Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.
Net Income
The total earnings of a company after subtracting all expenses, taxes, and costs.
Variable Costs
Variable costs are expenses that change in proportion to the activity or production level of a business.
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