A Fixed Cost Fluctuates in Total as Activity Changes but Remains

question 180

True/False

A fixed cost fluctuates in total as activity changes but remains constant on a per unit basis over the relevant range.

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Definitions:

Marketing Mix

A set of marketing tools that a firm uses to pursue its marketing objectives in the target market, traditionally identified as product, price, place, and promotion.

Four Ps

Stands for Product, Price, Place, and Promotion, which are the core elements involved in marketing a product or service.

Marketing Mix

A blend of marketing variables, typically known as the 4Ps (Product, Price, Place, Promotion), used by businesses to achieve their marketing objectives and satisfy customer needs.

Advertisement

A paid message communicated through various media aimed at informing or persuading a target audience about a product, service, or idea.