Describe a Variable Cost

question 98

Essay

Describe a variable cost.Describe a fixed cost.Explain why the distinction between variable and fixed costs is important in management accounting.

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Definitions:

Prequalified Customer

A potential customer who has been assessed and deemed likely to purchase a product or service based on certain criteria or behaviors.

Telemarketing Agent

A professional who utilizes telephone communication to market goods or services, often employed in call centers or by marketing firms.

Cold Canvass

The practice of contacting potential customers without prior appointment or indication of interest.

Dog Walking

is a service or activity where a person walks a dog for its owner, often a paid profession or an entrepreneurial business.