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Fixed costs and variable costs - a video case study for IB Business Management



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Fixed costs and variable costs - a video case study for IB Business Management
#Fixedcosts #Variablecosts #Businessstudies365

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Jean & Jean is a successful manufacturer of designer garments. The company claims that Jean & Jean ‘s flagship brand J&J is one of their strengths. The company strongly believes in market orientation approach as competition is very intense and spends significant funds on market research. Read more on our blog.........................

Questions to discuss:
a) With reference to JJ, explain the term fixed cost [ 2 marks]
b) With reference to JJ, explain the term variable cost [ 2 marks]
c) With reference to JJ, explain the term semi-variable cost [ 2 marks]
d) Distinguish between fixed cost and variable cost [ 4 marks]

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