In 2013, Barclays Bank operated two branches in one city. It chose to shut both of them, relocate to another building and hire fewer staff paid by the hour. What is likely to have happened to the bank’s fixed and variable costs?
- Afixed cost fall, variable cost fall
- Bfixed cost fall, variable cost rise
- Cfixed cost rise, variable cost fall
- Dfixed cost rise, variable cost rise