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Variable Costs
Costs that change in proportion to the level of production or business activity, such as raw materials and labor expenses.
Fixed Costs
Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.
Profit
The difference between total revenue and total cost.
Yearly Return
The total gain or loss on an investment over a one-year period, expressed as a percentage of the investment’s initial cost.
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