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Can fixed and variable cost be applied to pharmaceutical companies?
Wiki User
∙ 11y ago
Fixed cost would be the absolutely huge amount of money companies like Pfizer and Johnson & Johnson spend on research and development is all fixed cost because no matter how much of the product the sell, it will not change based on the amount of a particular drug you sell.Variable cost are relatively low for the pharmaceutical industry mostly because the cost for raw materials needed to create the drug is low.
Wiki User
∙ 11y ago
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