Question

Assume that you are an entrepreneur of a hotel, what are the fixed and variable costs to be carried out in that business​

Answer 1

Answer:

Variable Costs: Variable costs are clearly related to hotel occupancy and business volume. As business volume or occupancy increases, variable costs will increase; as hotel occupancy decreases, variable costs should decrease as well. Examples of variable costs are: Food, beverages, house keeping cleaning supplies.

Answer 2

what i invest and if set a goal of of earn 5%

then i will fix the value of one room cost

for example

my investment is 1000 and there is 10 rooms in hotel

100rs in per room

this makesfixed and variable costs to be carried out in that business