Examlex
Match each definition to one of the following items.
-See also
Inventory
The total amount of goods and materials held by a business for the purpose of resale or production.
Fixed Costs
Expenses that remain constant regardless of business activity levels, including long-term leases, salaries, and insurance premiums.
Variable Cost
A cost that varies with the level of output or production volume.
Volume of Activity
The level of production or sales volume at which a business operates during a specific period.
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