Business terms and jargon explained. Your business dictionary
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.
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.