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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.
List and explain some of the important factors to be considered when selecting a new location for a hospital to be built from some potential site
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Porter's value system shows the organisation in terms of The value chains of suppliers, channels and the customer.
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