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What is a key to improving fitness?
Variable Costs
Expenses that change in proportion to the amount of goods produced or the volume of sales.
Fixed Cost
Costs that remain constant in total regardless of changes in the volume of activity or production level.
Cost Per Unit
The average cost to produce one unit of a product, calculated by dividing total production costs by the number of units produced.
Activity Level
A measure of the volume or quantity of work performed or production achieved in a specific period.
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