Step costs are fixed over only a small range of activity.

Name: Step costs are fixed over only a small range of activity.
Brand: Quizplus
Rating: 4.9 (38 reviews)

Question

Quizplus · Accepted Answer

Step costs are fixed costs that remain constant over a small range of activity or volume, but then increase in steps when activity or volume exceeds a certain threshold. After each step increase, the cost remains fixed over the next small range of activity or volume.

Step Costs Are Fixed Over Only a Small Range of Activity