A Fixed Cost Is a Cost That Does Not Change

question 125

True/False

A fixed cost is a cost that does not change in total with the activity level.

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Definitions:

Expressed Need

A requirement or desire that has been clearly stated or communicated by individuals or groups.

Actual Need

The genuine requirement or necessity for a product or service based on a customer's specific situation or problem.

Key-Account Sellers

Sales representatives who focus on establishing and maintaining partnership relationships with a small set of three to five named accounts.

Important Accounts

Key customers or clients that contribute significantly to a company's revenue, requiring customized service and attention.