Fixed costs are those costs that remain fixed no matter how long the time horizon is.

Name: Fixed costs are those costs that remain fixed no matter how long the time horizon is.
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Question

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Fixed costs remain constant within a relevant range of activity or over a short to medium term, but they can change over the long term due to factors like inflation, renegotiation of contracts, or changes in business scale.

Fixed Costs Are Those Costs That Remain Fixed No Matter