Businesses face two basic types of costs: fixed costs and variable costs. While variable costs change depending on things like sales volumes, fixed costs tend to stay the same regardless of how much ...

The concept behind a fixed price is minimizing customer uncertainty of a final price, which may be due to market fluctuation, time-frame variables or potential changes to the scope of a project. A ...

Learn how to distinguish marginal costs by exploring their relationship with fixed and variable costs in production.

Steven Nickolas is a writer and has 10+ years of experience working as a consultant to retail and institutional investors. Andy Smith is a Certified Financial Planner (CFP®), licensed realtor and ...