Assume that you are an entrepreneur of a Hotel. What are the fixed and variable costs to be carried out in that business?
Answers
Answered by
25
Explanation:
Fixed costs are predetermined expenses that do not vary with output or how the business is performing.
Some examples of fixed costs to be carried out in a hotel include:
Rent
Telephone and internet costs
Insurance
Employee Salaries
Loan Payments
License
Variable costs changes over a specified period and are based on the business performance and the volume of services the business generates.
Some examples of variable costs to be carried out in a hotel include:
Commissions
Taxes
Hourly wages.
Food.
Water and electricity utilities.
Transport and delivery.
Answered by
8
Answer:
Explanation:
Persistent.
Patience.
Purpose.
People.
And
Profit.
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