(a)[2]
Define fixed cost.
(b)[3]
Explain one way that a business may cut its variable costs.
Business 9609 · AS & A Level · Costs
Costs — practice question
Worked solution & mark scheme
This 5-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Clear definition: Fixed costs remain unchanged with output / do not alter when a business changes its level of output (over a period of time).” …
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