What are the different types of costs for your company? | Business costs explained

The integral concept of business costs is introduced in this video. We explain the concept of fixed and variable costs - which are an essential part of understanding the concept of business finance.

The Business Cost includes all costs (fixed, variable, direct, indirect) incurred in carrying out the operations of the business.

Business cost is used to determine the efficiency with which the company is carrying out its business operations

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