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Based on the information depicted in the visual, which of the following statements is FALSE?
Variable Costs
Variable Costs are expenses that vary directly with the level of production or sales volume, such as materials and labor.
Fixed Cost
Expenses that do not change with the level of goods or services produced by a business, such as rent, salaries, or insurance.
Competition-oriented
Focused on outperforming rivals in a market by differentiating products, services, or business practices.
Customary Pricing
Setting prices based on what is traditionally expected or accepted within a market or by customers.
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