Cost structure refers to the relative proportion of fixed versus variable costs that a company incurs.

Name: Cost structure refers to the relative proportion of fixed versus variable costs that a company incurs.
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Quizplus · Accepted Answer

This is an accurate definition of cost structure. A company's cost structure can have a significant impact on its profitability, as fixed costs are incurred regardless of the level of production or sales, while variable costs increase with higher levels of production or sales.

Cost Structure Refers to the Relative Proportion of Fixed Versus