assme that yoy are an entrepreneur of a hotel what are the fixed and variable costs to be carried out in the business trancelate to kannada
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Fixed costs refer to costs that remain constant regardless of output produced by a business, while variable costs refer to costs that vary or change with the amount of output produced.
The fixed costs to be carried out by the hotel business includes the following:
· Rent
· Salaries
· License fees.
· Loan payments.
· Insurance premiums.
The variable costs to be carried out by the hotel business include the following:
· Hourly wages.
· Food.
· Water and electricity utilities.
· Equipment repairs.
· Delivery and transport expenses.
· Car repairs.
· Sales commissions.
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fixed cost and variable cost
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