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RE: Fixed and variable costs are key tools in every venture
Understanding fixed costs and unit costs is crucial to running a successful business. By having a clear understanding of these costs, businesses can make informed decisions that will help them stay profitable and competitive in their respective markets.
Although it may seem simple, running a successful business takes preparation, and many people ignore this, assume that it is a matter of intuition, and end up with low profitability and most of the cases in bankruptcy. Thank you for coming here.