Question

 

 Variable Cost

28 Feb 2026
Answer :
Word Count : 239
Variable cost refers to the expenses that change directly in proportion to the level of business activity or output. In the tourism industry, variable costs increase when the number of customers, bookings, tours, or services increases, and decrease when business activity reduces. These costs are essential for ___ _______ ___ __________ ____ __________ ________ ________.
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