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Explain Fixed Cost.
Fixed Cost:
Cost may be described as the amount of expenditure incurred on, or attributable to a specified thing. Fixed costs are those costs that tend to keep on constant irrespective of the volume of sales or output.
Illustrations of fixed costs:
* Staff salaries.
* Administration Expenses.
* Rent and establishment charges
* Depreciation.
transformation process in an organization
Secondary data are the facts and figures that are newly collected for the project at hand. facts and figures obtained by watching people mechanically rather than in person.
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