Meaning of the word "fixed cost" in English
What does "fixed cost" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
fixed cost
US /fɪkst kɔst/
UK /fɪkst kɒst/
Noun
a cost that does not change with an increase or decrease in the amount of goods or services produced
Example:
•
Rent is a typical example of a fixed cost for a business.
•
To reduce overall expenses, they need to cut down on their fixed costs.
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