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Q19 Assume that you make a successful Business Plan regarding Automobile Repair Shop. List several Fixed and Variable costs, Explicit and Implicit costs associated with

Q19 Assume that you make a successful Business Plan regarding Automobile Repair Shop. List several Fixed and Variable costs, Explicit and Implicit costs associated with owning and operating an Automobile business. Elaborate your ideas with hypothetical examples and figures. Describe at least three non-price competition strategies to differentiate your business and make it profitable. 12 marks

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