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Mia has purchased an Internet package for three months,in which she can use 30 mbps Internet speed.However,for the service,she needs to pay a fee of $50 in advance irrespective of whether she uses the Internet during the service period or not.This arrangement best illustrates the _____ strategy.
Fixed Costs
Expenses that remain constant for a specific period regardless of changes in the volume of production or services provided.
Budget Reports
Financial documents that compare actual financial results to the projected budget over a specific period, often used for tracking financial performance and planning.
Feedback
Information provided as a response to a particular process or activity, used to improve or modify future actions or decisions.
Actual Operations
This term might be referring to the real, day-to-day activities or processes carried out by a business or organization, but it's not a standard accounting or finance term in itself.
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