WEEK 5 SMALL BIZ MNG DB

Describe the difference between fixed costs and variable costs. (sometimes also fixed or variable expenses) What are some examples of fixed costs and variable costs specific to your industry (either in work or in a business idea). How does a business manage its cashflow differently in regards to planning for fixed costs versus variable costs?

PLEASE ANSWER THE FOLLOWING QUESTIONS IF ALL ANSWERED CORRECTLY WILL RATE 5 STARS NO SCREEN SHOTS OR IMAGES OF RESPONSE. PLEASE TYPE YOUR ANSWER OR UPLOAD DOCUMENT IF REQUIREMENTS MENTIONED ABOVE ARE NOT MET I WILL GIVE A NEGATIVE RATING