Question
Fixed Cost
Answer :
Word Count : 239
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Fixed cost refers to the expenses that remain constant regardless of the level of production or business activity within a given period. In tourism entrepreneurship and small businesses, fixed costs must be paid even when there are no customers or when sales are low. These costs do not change with the number of services provided, such as hotel rooms occupied, tours conducted, or tickets sold. Examples include rent of office or hotel premises, salaries of permanent staff, insurance premiums, property taxes, loan repayments, depreciation of equipment,
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