Examlex
Which of the following represent two general categories of client factors described by Miller et al.?
Variable Costs
Costs that vary directly with the level of production or business activity, such as materials and labor.
Fixed Costs
Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.
Break-Even Point
The point at which total costs and total revenue are equal, meaning no net loss or gain, and one has "broken even."
Capacity Strategies
Approaches adopted by businesses to match their operational capacity with demand levels in order to maximize efficiency and customer satisfaction.
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