066: Understanding Fixed and Variable Costs

<p>Everyone in your management chain – and everyone in a leadership position at your company is making decisions based on your company’s financial position every day. So, it is important for you to have some basic understanding about some of the core building blocks of financials. </p> <p>Today we are going to talk about the difference between fixed and variable cost. If you can really understand this concept, you’ll have a better ability to analyze business strategy. So, this is fixed and variable cost 101.</p>