Glossary of Terms

Font size

Site color

Browse the glossary using this index

Special | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | ALL

F

Fixed costs are costs that do not change with the level of production, such as as rent.

Figure caption,

Rent on a property such as a factory is a fixed cost.

Example: Rent will be £1000 if one item is produced and it will be £1000 if five hundred items are produced.

Next activity Announcements