pushpabindhu1 pushpabindhu1

03-10-2021
Business

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Assume that you are an entrepreneur of a Hotel. What are the fixed and variable costs to be carried out in that business?

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lujain792003 lujain792003

03-10-2021

Answer:

Variable costs are clearly related to hotel occupancy and business volume. As business volume or occupancy increases, variable costs will increase; as hotel occupancy decreases, variable costs should decrease as well.

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