Future Trends Indicate That _____ Matters More Than Size of the Company

question 34

Multiple Choice

Future trends indicate that _____ matters more than size of the company.

• A)location
• B)price
• C)flexibility
• D)a high standard

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Definitions:

Variable Cost

A cost that varies depending on the level of output or activity, such as materials or labor costs in manufacturing.

Fixed Cost

A periodic cost that does not vary with production volume or sales.

Variable Costs

Costs that change in proportion to the level of production or sales in a business.

Contribution Rate

The percentage of income that is saved or contributed to a retirement plan by an individual or employer.