Business terms and jargon explained. Your business dictionary
What is Fixed Cost
Are costs that are generally fixed in nature. They are not affected by volume or change if you increase productivity up to a point, e.g., staff costs or the office rent. They do not change for every item of productivity.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.