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What are the three types of costs company might occur how do they differ?
Wiki User
∙ 13y ago
1. Fixed costs. These types of costs do not vary with output in the short term. An example might be rent costs for premises.
2. Variable costs. These are costs that vary directly with output and will be business specific. A manufacturing industry making plastic widgets will see the cost of their plastic raw material vary directly with production.
3. Semi-variable costs, or 'stepped' costs. These are costs fixed over a small range of output but variable over a longer range of output particularly at certain critical levels. They may 'step-up' as with utility bills or 'step-down' as with quantity discounts.
Please note that all costs are variable costs if you take a long enough time frame.
Wiki User
∙ 13y ago
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What are spillover costs?
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Why do monopolies occur?
Monopolies occur when a company or person(s) want to take over the market. By becoming the sole supplier of a comodity, the monopily can raise prices and gain more profit. A monopoly creates an oppressive market and is to be avoided if a healthy economy is to thrive on what is termed, "A level playing field." More explanation is required. Monopolies have three main sources in most economies. They are: 1. A key resource is owned by a single company; 2. The government gives a single firm the exclusive right to produce some good or service; and 3. The costs of production makes a single producer more efficient than a large number of producers.
Importance of fixed costs?
Fixed costs are as they are described fixed. In other words they are regular costs that occur every month and do not change. The office rent. The office electricity The ten people who you employ full time. etc If you sell nothing you will still have to pay your fixed costs. Why is it important is because the higher the fixed cost is the more you have to sell to just break even and not loose money. They are important as if they get out of control they will go up and set the bar higher to just break even to stay in business
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Removing items from the income statement or balance sheet that do not normally occur during the course of business to better estimate the value of a company.
What are spillover costs?
These are costs not included in production. They are sometimes absorbed by vendors or outside forces beyond the company. They are often related to consumption of the product. This can occur in pollution for example.
What problems might occur if scales were not included in a map?
it would be difficult for travellers to calculate distances between places, therefore travelling costs would be difficult to estimate with accuracy.
What are the different types of business insurances?
There are a great many different types of business insurance. Most companies will have a general liability insurance which covers the legal and other costs of everyday risks. Beyond this there might be property insurance for any buildings and equipment and liability insurance for products that are sold by the company. Some companies have professional liability insurance to cover any errors or malpractice that might occur.
What percent of the total ownership costs of a system occur late in the life cycle due to costs associated with operations and support?
80
What is mean by extra expense exposure?
In the event that a long-term loss of customers would occur and/or a shutdown temporarily would impose large costs on customers or suppliers, it might be optimal for the firm to keep operating following a loss by arranging for the immediate use of alternative facilities at higher operating costs.
What a the crimes that occur in corporate company and the solution?
Identical.
What possible diseases that might occur with over-consumption of snacks?
we might get addicted to it
What are implicit and explicit?
Explicit costs are payments the firm makes for inputs such as wages and salaries to its employees, whereas implicit costs are non-expenditure costs that occur through the use of self owned resources such as foregone income.
How much on average should merchant services cost?
The costs of merchant services can vary slightly. There is usually a flat fee, which is usually around $10 per month. There can also be an additional fee, around $25 per month depending on the number of monthly credit card transactions that occur. Other fees may vary slightly based on the commission the company charges and individual transaction fees that can occur based on the volume of the company.
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They differ from the earths axis in relationship to its position during its one year revolution.
How can active transport differ from passive transport?
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How do you get the form?
It probably did not occur to you that the answer might, just might, require you to say which form you are talking about.
