What is Opportunity Cost

Opportunity Cost : - The maximum benefit foregone due to choosing one alternative over another…

What is Variable cost

Variable cost: - Variable costs are those costs which are change with the output. Variable cos…

What is Fixed Cost

Fixed cost: - Fixed costs are those costs which are not change with the output. Fixed costs to…

What is Cost driver

Cost driver :- Cost driver is a factor or activity that causes a cost to be incurred.

What is Par value

Par value:- Par value is the amount of legal capital per share – that is, the amount below at whi…

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