Fixed & Variable cost

Fixed costs in tourism management are expenses that remain constant regardless of the level of service or activity provided. These costs are incurred even if there are no customers or a decrease in business activity. Examples include rent for office space or hotel rooms, salaried staff wages, and insurance premiums. Fixed costs provide stability and predictability in budgeting, as they _____ __________ _____ _____ __________ ______ ___ ________ _______ ___ _______ _________.
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