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Question
Fixed expenses:A.are incurred regardless of sales volume.
B.can be estimated by taking into consideration the production.
C.includes labor, raw materials, and commissions.
D.must be linked to strategy in the business plan.
Answer
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First movers suffer a cost disadvantage as they are not able to move down the experience curve.
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The knowledge needed to generate innovation cannot be easily learned from a textbook.
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The U.S. Chamber of Commerce and Small Business Development Centers are good places to get information and assistance in starting a new business.
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