GCSE Business 2020-2022 OCR: What are Fixed and Variable Costs?

Question

What are Fixed and Variable Costs?

eric_galvao · Accepted Answer

-Fixed Costs are when the Costs DO NOT Change in Relation to the Output, like Rent and Insurance 
-Variable Costs are when the Costs DO Change in Relation to the Output, like Raw Materials and Wages linked to Output

GCSE Business 2020-2022 OCR

What are Fixed and Variable Costs?

-Fixed Costs are when the Costs DO NOT Change in Relation to the Output, like Rent and Insurance -Variable Costs are when the Costs DO Change in Relation to the Output, like Raw Materials and Wages linked to Output

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