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What is design thinking used for?
Fixed Cost
Costs that remain unchanged regardless of the level of production or sales activity, such as rent, salaries, and insurance premiums.
Relevant Range
The span of activity or volume over which the assumptions about fixed and variable cost behaviors hold true for a specific business.
Fixed Cost
Costs that remain constant and do not vary with the level of business activity, including expenses like rent, salaries, and insurance.
Variable Cost
Expenses that change in proportion to the production output or sales of a company, such as raw materials and labor costs.
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