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We are aware of our internal and external world because we possess
Fixed Costs
Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance premiums.
Variable Costs
Expenses that change in proportion to the activity or production level, such as raw materials, labor costs, and energy usage, in contrast to fixed costs which remain constant regardless of output.
Variable Costs
Costs that vary directly with the level of output or production volume, such as raw materials and labor expenses.
Total Revenue
The total income generated by a company from its sales of goods or services before any costs or expenses are deducted.
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