what is the total cost of running a business called? Costs associated with operational functions include the costs associated with the administrative and maintenance aspects of a business. Taking into ...

Martin Barraud / Getty Images Fixed costs, variable costs, and total costs all sound similar, but there are significant differences among the three. The main difference is that fixed costs do not ...

It's a key concept that helps companies figure out how much they should produce and what prices to charge. For instance, if a factory produces 100 widgets at a total cost of $1,000—and producing ...