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Graphics in documents help clarify and emphasize details so they appeal to audience members with different backgrounds.
Variable Cost
Expenses that vary in relation to the amount of products or services a company generates.
Fixed Cost
Costs that do not change with the level of production or sales, such as rent, salaries, and loan repayments.
Economies of Scale
The cost advantages that a business can exploit by expanding their scale of production, leading to a lower cost per unit.
Diseconomies of Scale
Increased costs per unit that occur when a company grows too large, leading to inefficiencies.
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