Meaning of the word "fixed costs" in English
What does "fixed costs" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
fixed costs
US /ˈfɪkst kɔsts/
UK /ˈfɪkst kɒsts/
Plural Noun
business expenses that are not dependent on the level of goods or services produced, such as rent, insurance, and salaries
Example:
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Rent and salaries are examples of fixed costs that a business must pay regardless of production.
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Reducing fixed costs can significantly improve a company's profitability.
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