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Discuss the organizational structures used to implement corporate-level strategies.
Variable Cost
Expenses that change in proportion to the activity of a business.
Fixed Costs
Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.
Raw Material Costs
The expense associated with the basic materials required in the production of goods.
Direct Labour Costs
Direct Labour Costs refer to the wages paid to workers directly involved in manufacturing or producing goods, in contrast to indirect labor involved in supportive roles.
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