Explain Why a Company Would Need Both a Fixed and a Variable

question 45

Essay

Explain why a company would need both a fixed and a variable budget.

---

Definitions:

Need

A requirement necessary for an individual or organization to achieve a goal or address a problem.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors, influencing the desire and energy levels to continue engaging in a particular activity.

Training Methodology

The systematic approach or process used in developing and delivering training programs, encompassing methods, techniques, and tools.

Skills Use

The application of acquired abilities and knowledge in practical situations in the workplace or daily life.