Business Terms and Jargon Explained

What is Variable costs

Variable costs are costs that increase with production. For every increase in unit, there is an increase costs.
E.g. In a car production company seat costs are variable to the amount of car that they make. The cost of the factory is a fixed cost as opposed to variable.

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IANAL Somoni Per diem
Cash Flow WYSIWYG Economist
Tangible Assets Outward Processing Relief Workout
GTC Duopsony Ofcom
Community Acquis Contingency Gross value added - GVA
Core Competencies Vacate Registry
C.O.D Open End Credit Hidden Economy
Stay Inflation Domicile of dependency
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Jus Signature Discount allowed
Exporter Philanthropy ERNIE
JIT Hryvnia VLO
Treeware Purchasing economies Grant of confirmation

Term created / updated 2005-07-16 23:12:15

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