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
SHA1 Gross interest Leave to appeal
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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