Difference between revisions of "Fixed costs"
(Created page with "Fixed costs are expenditures that must be made before production starts and that do not change regardless of the level of production. ==Definition== According to Princi...") |
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According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | ||
:[[Fixed costs]]. Expenditures that must be made before production starts and that do not change regardless of the level of production. | :[[Fixed costs]]. Expenditures that must be made before production starts and that do not change regardless of the level of production. | ||
| + | According to [[Product Manager's Handbook by Gorchels (2nd edition)]], | ||
| + | :[[Fixed costs]]. Costs that don’t vary with production or sales level. Rent, heat, and executive salaries are examples of fixed costs. | ||
| − | [[Category: Economics]][[Category: Articles]] | + | [[Category: Economics]][[Category: Articles]][[Category: Product Management]] |
Revision as of 10:37, 14 July 2020
Fixed costs are expenditures that must be made before production starts and that do not change regardless of the level of production.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Fixed costs. Expenditures that must be made before production starts and that do not change regardless of the level of production.
According to Product Manager's Handbook by Gorchels (2nd edition),
- Fixed costs. Costs that don’t vary with production or sales level. Rent, heat, and executive salaries are examples of fixed costs.
