In a Linear Cost Function,the Fixed Cost Is ________

question 121

Multiple Choice

In a linear cost function,the fixed cost is ________.

• A) dependent on the cost driver
• B) dependent on the independent variable
• C) independent of the cost driver
• D) independent of the intercept

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Definitions:

Competitive Forces

Elements in the external environment that influence an organization's competitive position, including competition, customer power, supplier power, the threat of new entrants, and the threat of substitute products or services.

Porter

Michael Porter, a renowned economist known for his theories on economics, business strategy, and competitive advantage.

Industry

The sector of an economy that is concerned with production and manufacturing of goods, or provision of services.

Entry Barriers

Obstacles that prevent new competitors from easily entering an industry or area of business.