fixed costs
Definition:
Those costs which cannot be altered in the short or medium term and which exist irrespective of the volume of output. Depreciation, insurance, rent and rates are all fixed costs.
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© Westburn Publishers Ltd 2002, The Westburn Dictionary of Marketing edited by Michael J Baker, ISBN 978-0-946433-01-8. www.themarketingdictionary.com. Entry: [Michael J. Baker],.