How does the knowledge that consumers consider your product

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Reference no: EM132877585 , Length: word count:150

Fixed and Variable Costs

In the initial post, give specific examples of fixed and variable costs in your life. Using some of your specific examples, compare and contrast the relative importance of fixed costs and variable costs. Now think of things from a business's perspective. How does the knowledge that consumers consider your product a fixed cost in their life or a variable cost in their life influence the price you set?Minimum 150 words

Reference no: EM132877585

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