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step fixed costs definition, step fixed costs meaning | English dictionary. Search also in: Web News Encyclopedia Images. step. n. 1 the act of motion brought about by raising the foot and setting it down again in coordination with the transference of the weight of the body. 2 the distance or space covered by such a motion.
The definition of a fixed cost is one which does not vary in total when the level of. output by the business does vary. In other words, when the Sales level within a. business increases, fixed costs in total, would not increase. It also follows that when the Sales level in a business decreases, the fixed costs would not decrease. An example of a fixed cost for a business making a product such as a bakery would be the business rates. For a business producing a service such as massage therapy would be any costs associated with the rent or ownership of premises, insurance, and costs associated with the ownership of equipment. As fixed costs are not dependent upon the level of output (sales), they are often