The variable cost
Example: Variable cost changes depending on production or sales volume
Definition
"The variable cost" refers to expenses that fluctuate directly with the level of production or sales volume in a business. These costs increase as production rises and decrease when production falls, making them distinct from fixed costs that remain constant regardless of output.
Etymology
The term "the variable cost" combines 'variable,' derived from the Latin 'variabilis,' meaning 'changeable,' and 'cost,' from Latin 'constare,' meaning 'to stand firm or remain.' Together, they describe costs that vary with changes in business activity, a concept fundamental in economics and entrepreneurship.
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"The variable cost" appears in the Vocaplus list "English - Entrepreneurship - (A1-C2) - set 1", containing 110 commonly used words.
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