A(n)_____ Is Something You Get Either for Free or for a Small

question 118

Short Answer

A(n)_____ is something you get either for free or for a small shipping and handling charge with your proof of purchase.

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Definitions:

Fixed Costs

Costs that do not vary with the level of production or business activity.

Quantity of Output

The total amount of goods or services produced by a company, sector, or economy within a specified period.

Costs

The expenditure incurred by a business in the process of producing or providing goods or services.

Variable Costs

Expenses that change in proportion to the activity of a business, such as materials and labor costs.