A cost that varies with the level of output.
- This drop in variable costs has helped to lift profit margins.
- The thing that worries us is that VisitScotland has substantial fixed costs and the only area where there are variable costs is in the marketing.
- Auto suppliers gained longer-term contracts, but paid a stiff price in terms of taking on more fixed costs and a constant struggle to match variable costs to price cuts.
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Line breaks: vari|able cost
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