Answer:
Fixed Cost: A fixed cost means that it never changes, increases or decreases for goods or services sold/ produced.
Variable Cost: Variable Costs happens when goods/ services a business supplies changes.
Semi Variable cost: Semi variable cost is cost that shows both fixed and variable cost in it's group.
Explanation:
Example Fixed Cost: rent, propety tax, insurance
Example Variable Cost: electricity, gas, wages, and commission
Example Semi Variable Cost: running a vechicle
