Analyze your products or services and get a sense of whether they are the most or the least effective. Your goal should be to reduce variable costs. Every aspect of your company should be scrutinized.

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 ...

Unlike a fixed cost, a variable cost is directly associated with ... That is, per-unit fixed costs drop when they get spread out over a larger number of units. Fixed costs that may be directly ...