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Describe the pressures for global integration.
Average Total Cost
The total cost of production (fixed and variable costs combined) divided by the total number of units produced.
Fixed Cost
refers to a business expense that remains constant regardless of the level of production or sales, such as rent or salaries.
Total Cost
The aggregate of every expense related to the creation of services or goods, taking into account both constant and fluctuating costs.
Average Total Cost
The total cost of production (fixed plus variable costs) divided by the total quantity produced, indicating the average cost per unit.
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