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Variable costs (See Chapter 10 of the Vernimmen)
Variable costs are osts that are proportional to the level of business activity (usually expressed by sales). In the long-term, all costs should be variable, if the company is to survive.
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Definitions of terms begining
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:
Variable costs (See Chapter 10 of the Vernimmen)
Variable costs are osts that are proportional to the level of business activity (usually expressed by sales). In the long-term, all costs should be variable, if the company is to survive.
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