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Needs-based theories propose that a manager's job is to determine what employees' needs are and then to
Variable Costs
Costs that change in proportion to the level of production or other activity of a business, such as materials and labor costs.
Fixed Costs
Expenses that remain constant regardless of the amount of goods produced or sold, including rent, salaries, and insurance costs.
Total Revenue
The overall amount of money generated by a business from its sales of goods or services, calculated by multiplying the price per unit by the number of units sold.
Variable Costs
Costs that change in proportion to the level of output or activity.
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