Examlex
What three factors are most important in causing extinction rates to climb?
Variable Costs
Costs that change in proportion to the level of activity or volume of goods produced in a business.
Fixed Costs
Costs that do not vary with the level of production or business activity, such as rent or salaries.
Profitability
A measure of the efficiency and effectiveness of a company in generating profits from its operations.
Mixed Costs
Expenses that have both fixed and variable components, meaning part of the cost varies with the level of output while part remains constant.
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