Costs of Business

1. Identify a product, market, or company to discuss. It could be your firm or employer, or something else of interest to you.
2. What is the cost structure like? What are some of the significant expenses in fixed costs and variable costs? Are fixed costs a huge part of total costs, or are variable costs the larger?
3. Which costs are experiencing the most change, up or down? How have firms responded to these changes? Are there any cost increases that are particularly challenging?
4. What happens when sales are meager? How does the firm adjust operations - go idle? Cut down output? Do nothing?
5. How much do prices change in response to changes in costs?