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Wendi Adair, in a study comparing integrative behaviour sequences in intracultural negotiations, found that:
Variable Cost
Costs that change in proportion with the level of output or production activity.
Fixed Costs
Overheads such as rent, salaries, and insurance that do not fluctuate with the level of goods produced or sold.
Variable Costs
Charges that vary in relation to the volume of output or services provided by a firm.
Fixed Costs
Expenses that do not change regardless of the level of production or business activity, such as rent, salaries, and insurance.
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