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Fixed Costs
Costs that do not change with the level of output or production, remaining constant over a specific period.
Variable Costs
Costs that change in proportion to the level of goods or services produced.
Sales Volume
The quantity of products or services sold by a company during a certain period of time.
Cost Advantage
The benefit or upper hand a business gains when it can provide a product or service at a lower price than its competitors, often through efficiencies, economies of scale, or lower input costs.
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