Question

A clothing company wants to entice consumers to pay more for their products. To do this, the company launches an advertising campaign to position themselves as a luxury brand. Which factor are they trying to improve?

Answer 1

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❏Fixed expenses are your weekly, monthly, or annual bills that don't fluctuate.

❏These include things like mortgage or rent payments, car payments, insurance premiums, utility bills, and the average amount you spend on groceries.

❏The definition of fixed expenses is “any expense that does not change from period to period," such as mortgage or rent payments, utility bills, and loan payments.

❏The amounts may vary slightly, which may be the case with utilities, but you know they are due on a regular basis.