When the cost of delivering a service does not change with the volume of the service delivered, it is referred to as a fixed cost.

Name: When the cost of delivering a service does not change with the volume of the service delivered, it is referred to as a fixed cost.
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Question

Quizplus · Accepted Answer

Fixed costs remain constant regardless of the volume of services or goods produced, unlike variable costs which fluctuate with production levels.

When the Cost of Delivering a Service Does Not Change