Which of the Following Is the Best Example of a Variable

question 38

Multiple Choice

Which of the following is the best example of a variable cost?

• A)property taxes
• B)lease payments for equipment rental
• C)rent on office space
• D)wages for hourly workers
• E)interest on outstanding loans

---

Definitions:

Market Penetration Strategy

A growth strategy where a business focuses on selling existing products within existing markets to gain a higher market share.

Joint Venture

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task.

Market-Entry Strategy

The planned method of delivering goods or services to a new target market and establishing a presence there.

Product Element

The specific components or features of a product that contribute to its ability to meet customer needs, including quality, design, brand, and functionality.