Examlex
Convenience products that customers constantly replenish to maintain a ready inventory are categorized as:
Variable Costs
Costs that vary directly with the level of production or service provision.
Fixed Costs
Expenses that do not change with the level of goods or services produced over a short time.
Variable Costs
Expenses that change in proportion to the activity or production level of a business.
Fixed Costs
Expenses that remain constant for a period of time irrespective of the level of outputs, like rent, salaries, and loan payments.
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